The Ohio Division of Securities has joined a $22.5 million settlement against crypto lender Nexo, it said Tuesday.

Crypto lender Nexo said is has stopped its Earn Interest Product (EIP) for all U.S. clients, residents and citizens, effective Feb. 10.

Following a settlement with the U.S. Securities and Exchange Commission announced last month, crypto lending platform Nexo will stop its Earn Interest Product for all U.S. clients, which include both citizens and residents, on April 1.

With the first month of 2023 behind us, we’re proud to report yet another batch of data from our Buyback program.

Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – said the company could sue the Bulgarian government for more than $1 billion for raiding its offices and undermining its reputation.

Nexo's claims of victory on regulatory authority & innovation after paying $45 Mn fine to SEC, hasn't bode well with this former SEC chief.

Nexo is suing Cayman Islands’ financial regulator for denying its registration as a virtual asset service provider in the territory. The Cayman Islands Monetary Authority declined Nexo’s VASP application dated December 20.

Crypto lending platform Nexo is suing the Cayman Islands regulator for denying the firm a virtual asset license.

The Nexo drama has prompted political tension in Bulgaria after it was revealed that firm employees had donated to one of the parties.

The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.