⚠️Was It An Inside Job?⚠️ (The Fall Of NEXO)
The growth and popularity of DeFi has been a major driving force in the cryptocurrency industry. New financial tools like yield farming and liquidity pools are helping crypto natives stuff their bags. But there is a darkside to all of this. Bad actors have taken advantage of some of these crypto systems and now their house of cards is falling apart. Today we’re talking about DeFi platform Nexo, which was founded in 2017 to offer financial services like high-yield savings accounts for cryptocurrencies, crypto-backed loans, and even debit cards. But Nexo has fallen apart and the police are raiding their offices. How did it get to that point and is anyone going to get their money back from Nexo?
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0:00 Intro
0:54 Nexo Raid
2:56 Nexo’s Ties
3:34 Leaked Email
5:39 Fall of Nexo
8:56 The Problem
11:25 Conclusion
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