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California, New York Join Several States Ordering Crypto Lender Nexo to Halt Yield Product

Seven states have ordered a halt to Nexo’s “Earn Interest Product” accounts, accusing the company of improperly offering unregistered securities.

Updated May 11, 2023, 4:49 p.m. Published Sep 26, 2022, 6:52 p.m.
Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)
Kalin Metodiev, co-founder and managing partner of Nexo (Shutterstock/CoinDesk)