Nexo Capital

Press Release by the U.S. Securities and Exchange Commission announcing that Nexo Capital Inc., of the Cayman Islands, has agreed to pay $45 million in penalties for conducting an "unregistered offering of crypto asset lending product".

Administrative Order by the U.S. Securities and Exchange Commission imposing a civil money penalty of $22.5 million on Nexo Capital Inc., described as a Cayman Islands-domiciled provider of "crypto asset-related financial products and services", for an unregistered securities offering.

On the day its offices were raided in Bulgaria last week, and four of its employees criminally charged with money laundering and fraud, the Nexo crypto lending group sued the Cayman Islands Monetary Authority for rejecting its licensing application and is seeking a court declaration that it is "suitable to be registered".

Notice of Originating Motion to reverse a regulator's rejection of an application for "registration as a virtual asset service provider" in Nexo Capital Inc. v. Cayman Islands Monetary Authority at the Grand Court of the Cayman Islands.

Statement of Charges in Washington State Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.

Cease and Desist Order in the South Carolina Securities Commission v. Nexo Inc. and Nexo Capital Inc., both of the Cayman Islands.

Cease and Desist Order in Maryland Securities Commission v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Antoni Trenchev, a citizen of Bulgaria.

Emergency Order to Cease and Desist Order in the Kentucky Department of Financial Institutions v. Kentucky Department of Financial Institutions v. Nexo Inc., of the Cayman Islands; Nexo Capital Inc., of the Cayman Islands, and Nexo Group, which "comprises business entities organized primarily in European jurisdictions".

Judgment regarding ownership of "approximately 880 bitcoin, equivalent to approximately £30 million at current prices" in HDR Global Trading Limited, d.b.a. BitMEX, of the Seychelles, operator of "a cryptocurrency derivatives exchange and trading platform" v. Nexo Capital Inc., of the Cayman Islands, and Georgi Shulev, of Bulgaria, described as "co-founder of the Nexo group", and at the High Court of Justice for England and Wales.

This video looks at Tether and NEXO, two ongoing questionable schemes in the crypto industry that collectively involve hundreds of billions of dollars. Speakers: Edward Normand, Partner, Roche Freedman; Eric Rosen, Partner, Roche Freedman; and Kyle Roche, Partner, Roche Freedman.

Class Action Complaint in Junhan Jeong v. Nexo Financial LLC, Nexo Financial Services Ltd., of England; Nexo Services OÜ, of Estonia; Nexo AG, of Switzerland, and Nexo Capital Inc., of the Cayman Islands, at the U.S. District Court for the Northern District of California.