Nexo accuses Twitter user of defamation and threatens to sue

A Twitter user under the pseudonym otteroooo published a thread accusing the co-founders of Nexo of stealing funds fromcharitable foundation. The crypto lending platform threatened him with legal proceedings.

In a series of tweets, otteroooo pointed out that Nexo was founded by Costa Kanchev, Antoni Trenchev and Georgy Shulev. The author noted their connection with the Bulgarian microfinance organization Credissimo.

The user referred to the investigation of the Bulgarianjournalists — in 2020, they revealed the misuse of donations from the Help Karma children's charity fund. Prior to that, according to reporters, Kosta Kanchev's father took a seat on the board of the organization. The author of the thread drew a parallel with the appointment and the first ICO of Nexo.

Otteroooo provided a link to another investigative report that allegedly uncovered a link between Help Karma and Credissimo.

At the time of writing, the thread's first tweet has over 4,000 likes and 1,500 shares. According to otteroooo's account information, it was created in March 2022.

In response, Nexo representatives releasedrebuttal, where they called the publications a "smear campaign" against the platform. The firm provided an analysis of the thread, and also pointed out inconsistencies, including confusion with names and personas.

According to Nexo, one of the goals of the thread is to getfinancial benefit. As confirmation, she cited a screen of correspondence with otteroooo, where an unknown user allegedly offered the account owner a deal to buy an account.

Data: Nexo Blog.

Along with the rebuttal, the platform threatened the user with a lawsuit and demanded that “all comments, statements, reviews and publications” that discredit the reputation be removed.

“We draw your attention to the fact that we always protectour rights and interests by all available legal means, and our legal advisers in the US and UK are currently preparing a claim that will be immediately filed in court for all facts of humiliation, defamation, ”the statement says.

The thread appeared amid ongoing problems withcrypto-lending platform Celsius Network. On June 13, the firm suspended withdrawals, exchanges, and transfers between accounts “due to extreme market conditions.” On the same day, Nexo announced its readiness to buy out the loan portfolio from its competitor.

What happened to Celsius (CEL)?

In addition to Nexo, Celsius assets are interestedChainge Finance and Goldman Sachs. Simon Dixon, co-founder of the online investment platform BnkToTheFuture, proposed a plan to rescue the lending service, and later approached Nexo to contact his team. He stressed that together the parties will be able to offer the best solution.

Recall that in June Nexo CEO Antoni Trenchev comparedcrisis in the crypto market with the banking panic of 1907 and noted that more successful players are forced to come to the aid of colleagues in an attempt to prevent the collapse of the industry.

Read ForkLog bitcoin news in our Telegram - cryptocurrency news, courses and analytics.