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Published 1 year ago

Nexo-labeled address withdraws $153M in Wrapped BTC from MakerDAO

Summary by Ground News
Nexo 0x8fd withdrew 7,758.8 Wrapped Bitcoin (WBTC) roughly worth $153M from MakerDAO. On Sept. 26, regulators from eight U.S. states filed a cease-and-desist order against Nexo under the allegations of offering unregistered securities to investors. Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets.

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