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Jun 13 • 3 tweets • 2 min read

@CelsiusNetwork

After what appears to be the insolvency of @CelsiusNetwork and mindful of the repercussions for their retail investors & the crypto community, Nexo has extended a formal offer to acquire qualifying assets of @CelsiusNetwork after their withdrawal freeze.

drive.google.com/file/d/1PlxlCK…

@Nexo

Operating a sustainable business for 4+ years, based on solid fundamentals and prudent risk management, @Nexo is in a strong liquidity and equity position as evidenced by the only real-time reserves attestation of a blockchain finance company.

real-time-attest.trustexplorer.io/nexo

@CelsiusNetwork

We firmly believe that acquiring all or part of Celsius’ qualifying, outstanding collateralized loan receivables will go a long way in providing immediate liquidity to @CelsiusNetwork clients. We are still waiting to hear from their management and will update you.

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Jun 13

All Nexo products are operating normally – Borrow, Earn, Exchange, the Nexo Card.

As always – deposits and withdrawals are processed instantly so that all of you can make the necessary arrangements in this latest downturn in the markets. 1/

Nexo is the first and only blockchain finance company to have a real-time audit of its custodial assets, showing that the company’s assets exceed its liabilities at all times which attests to Nexo’s liquidity and ability to meet all of its obligations.2/

real-time-attest.trustexplorer.io/nexo

The Nexo team has never cheered for the failure of any blockchain business but we have warned that operating a sustainable business model based on prudent risk management is what differentiates Nexo and allows us to maintain financial stability in any market circumstances. 3/

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