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ZEC $331.70 -2.95%

Nexo: Currently has no risk exposure to FTX and Alameda, and has withdrawn all assets

2022-11-09 14:58:26
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ChainCatcher news, the crypto lending platform Nexo tweeted that its net exposure to FTX/Alameda is currently $0, having withdrawn its entire balance from the exchange in the past few days to protect existing funds. According to a tweet from Nansen CEO Alex Svanevik, on-chain data shows that Nexo is the project that withdrew the most from FTX, extracting approximately $220 million in assets.

Nexo stated that it previously provided a small loan to Alameda (< 0.5% of Nexo's total assets), fully collateralized by digital assets, which was completely sold off by the team two days ago, recovering 100% of the principal, with the company incurring $0 loss. (source link)

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