Crypto Lending Platform Nexo Has $0 Exposure to 3AC

Jun 15,2022
KingData News: Crypto lending platform Nexo tweeted that it has $0 exposure to Three Arrows Capital. Nexo has always differentiated itself from others as being a very conservative lender with stringent risk management and strict over-collateralization requirements, regardless of borrowers' reputation. Nexo said, "Оver 2 years ago, we declined 3AC’s request for unsecured credit. We learned that they acquired it elsewhere. It is now obvious that Nexo’s approach was correct. This is why our assets exceed our liabilities."
On June 13, Zhu Su, co-founder of Three Arrows Capital, has removed ETH, AVAX, LUNA, SOL, NEAR, MINA and other Tokens from his Twitter profile. On June 15, sources revealed that the total liquidation amount of Three Arrows Capital on Deribit, BlockFi and other lending platforms was up to $400 million. This indicator provides a real-time tracking of news reports on Three Arrows Capital's liquidity crisis.
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