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Nexo Post Apologies (Patreon)

Published:
2024-12-24 15:53:17
Imported:
2026-06

Content

It was shared with me by a member this morning and in the heat of the moment with markets on fire I did not see the date that it was from a year ago - not a current news item.

That being said - my risk mgt rules remain... Never lend out more than 10% of your crypto.

Comments

JellyBean

Instructions unclear, moved assets to FTX for safe keeping

Chris Taylor

Well I'll say it. That's a hellava mistake James, coming from a data man. Those of us in for lots of years know how important it is to act quickly when things like this happen. And you have hundreds of thousands of followers. Not good.

#fatoldbtcnerd

Yea, I overreacted and pulled nearly $100K from Nexo in a matter of a few minutes. Feel like a fool for not verifying, but better safe than sorry! Appreciate James looking out for his community!

Carlos Vasquez

I lost a full BTC with BlockFi, I still can be able to recover. The only one BTC gone. Lending and Stacking two different things with risk both. Can be nice to learn about both options.

Diamond$
>>159234607

Those yield apps are all garbage, nexo is the only one left and it will go belly-up at some point. Keeping money there is so risky.

Wicksley Snipes!

“All people are wrong, only some are helpful.” -WS 😉 You’re helpful. Stuff happens. No worries. Good reminder to Verify. We all make these errors. With your help, I’ll remember to more mindfully navigate this user interface we call “reality”. Thanks, James!!!

Wicksley Snipes!
>>159234867

Lost .3 on Celsius. Got a lot of it back, thankfully. Never again. Net positive AF though. Cost of doing business. We mitigate/eliminate these inefficiencies as we learn/grow, measuring to manage as we go. Rhyme not intended (this time).

Chairman Of Fun

Dear friends, Merry Christmas & Happy New 2025l ❤️🎄🎁 Hope to see all of you next year, enjoy the family time, presents, parties & stay healthy! Love ❤️ 😁🥂🎸🎤🎶

Gaël des Montagnes Noires

The beating heart of a bank are collateralized loans, Nexo 100% loans are 100% collateralized and liquid. The blood of a bank is liquidity, Nexo has a lot of liquidity. By this definition, Nexo is nearly the strongest healthy bank on the planet. Nexo has 2(if not 3) third party, of very well accredited audit companies, constantly on top of check and balances. Military grade security(Nexo has never been penetrated or hacked), Nexo has every official compliance licences as well as insurances. Nexo's human touch and white glove treatment for every account, from $200 in Sats to whales is unmatched in the industry imho. This being said, YES do not borrow more than 9% of your deposited portfolio, to prevent liquidation from a market drop of 90% .. Nexo wants you to not lose your crypto tho and has opportunities for you to recuperate your liquidation when market goes back up at a lower price; or something off the like .. Now I've gone and did my due dil on Nexo's founders, their choice of highly qualified, efficient, patient and empathetic people in every department, throughout the company, their mode of operations, services and growth = Nexo's departure from US and Canada markets was a blow to Nexo's token, to be sure; but Nexo's services remained available to the world. Some users even did "jurisdictional arbitrage" and moved their lives too continue to enjoy the Nexo life = live tax free from collateralized loans.. Nexo has since evolved and improved in many ways. To sum it up, Nexo is insured, audited, secure and I'd go as far as to say "needed", given the strait forward and true nature of the services offered to 95% of the world💙 .. Even tho US, Canada and Belarus residents are excluded from benefiting from Nexo's services, the rest of the world isn't; I'd love to see a true unbiased review of Nexo, which have gone through considerable efforts to be in compliance with every jurisdiction for customer protection.

Gaël des Montagnes Noires
>>159234860

I love that people can pull up to $500k everyday in seconds.. up to to $2millies with the help of your dedicated portfolio manager. Nexo is more solid than any existing bank.

KK in NZ

I lost half a bitcoin on Nexo as they had closed a native secret wallet and said they cannot get the money out and I said to them. How did you still allow the address to be open? They have not been able to answer so it has anybody else been able to retrieve coin with Nexo?

JBoy

What did the original post say? Can anyone link it here?

DCAverage joe
>>159278860

Said they’d been raided by the Bulgarian police for money laundering and washing terrorist group money . Was a load of crap from last year , was an anti crypto attack from the bent govt of Bulgaria . Nothing proven Nexo seeking Reperations