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Just-In: Crypto Giant Nexo Sued For Blocking $126M User Funds

1 min read Original Link

According to a recent report, a group of investors is suing crypto lender Nexo in the London High Court on the grounds that the crypto firm prevented them from withdrawing over $126 million in cryptocurrency. The three investors, cousin Shane Morton, and brothers Jason and Owen Morton,  claim that Nexo froze their accounts when they attempted to transfer their assets off the platform.

The Mortons assert that after being threatened with being prevented from withdrawing their cryptocurrency, they were forced into returning millions of dollars worth of Nexo’s native token to the company at a reduced price.

(By Pratik Bhuyan)

# Nexo # Crypto

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