What's next for NEXO? Despite denying rumors of exposure to a crypto fund facing insolvency risks, the security token sees losses of 40% this week. (Reporting via bitcoinwallah)
"The lenders will bear the PnL [profit and loss] difference between how much they are owed versus what they get in liquidating their collateral,"He added:
All Nexo has ever done with Three Arrows Capital is sign a partnership with their NFT fund, but it did not take off and we currently have $0 business and exposure with them.$4.96 billion worth of debt obligations
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