Cryptocurrency News

NEXO price drops 40% in three days on contagion fears from ‘insolvent’ crypto fund

2022.06.15 17:01

NEXO price drops 40% in three days on contagion fears from 'insolvent' crypto fund
NEXO price drops 40% in three days on contagion fears from ‘insolvent’ crypto fund

The price of Nexo (NEXO) continued to fall on June 15 as crypto lending firms continue to be shaken by the falling cryptocurrency market.

Meanwhile, Nexo has denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund facing insolvency risks.

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