Cryptocurrency News

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

2022.10.01 09:08

[ad_1]


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

Just a few days after market analysts predicted a 50% drop in NEXO price due to regulatory pressure and investor concerns, a crypto wallet address labeled as NEXO 0x8fd withdrew 7,758.8 Wrapped (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 without warning. Moreover, Kentucky regulators accused Nexo of insolvency owing to liabilities exceeding assets when excluding Nexo.

MakerDAO details overview. Source: PeckshieldTransaction details overview. Source: Peckshield

Continue Reading on Coin Telegraph

[ad_2]

Source link

Related Articles

Leave a Reply

Back to top button