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Nexo dismisses declares it defrauded a kids’s charity as phony news

Nexo dismisses claims it defrauded a children’s charity as fake news Nexo dismisses declares it defrauded a kids’s charity as phony news Samuel Wan · 3 hours back · 2 minutes read

Nexo reacts to “ridiculous claims” of defrauding a charity by contacting the neighborhood to exercise their much better judgment.

2 minutes read

Updated: June 27, 2022 at 2: 02 pm

Nexo dismisses claims it defrauded a children’s charity as fake news

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In a current post, Nexo reacted to the “ridiculous accusations” imposed at it as “apparent lies and defamation of characters.”

The loaning and loaning platform contacted readers to neglect the phony news and remain notified throughout these tough times.

Short sellers seeking to benefit through “phony news”

Nexo declares it is the victim of character assassinations by confidential Twitter accounts, planning to earnings by short-selling throughout “a distressed market.”

” Several confidential Twitter accounts are utilizing lies and distortion in yet another character assassination versus Nexo and making money from brief positions in a distressed market.”

In supporting the claim, Nexo set out the “common formula” for phony news to inform readers on what to watch out for.

Nexo stated the technique starts by making an “abstruse” claim to control readers into deserting reasoning while concurrently acquiring an online following through sensationalization.

Although Nexo pointed out being assaulted by numerous confidential Twitter accounts, it singled out @otteroooo, especially a tweet implicating the business creators of siphoning funds from a charity.

NEXO FOUNDER & & FAMILY SIPHONED FUNDS FROM CHARITY FOR SICK KIDS, USED DONATIONS AS PERSONAL SLUSH FUND, EVEN BUILT A PALACE FOR THEMSELVES

Evidences provided completely by otter listed below

no bueno!

— otteroooo (@otteroooo) June 26, 2022

To challenge the accuser, Nexo provided screenshots of a discussion in which @otteroooo requested USDC 50,000 to offer the Twitter account.

Moreover, claims of siphoning funds from a Bulgarian kids’s charity associated with a male called Constantine Krastev. The Nexo co-founder is Kosta Kantchev, a various individual totally.

Other strategies discussed by Nexo consist of “embellishing claims” with interesting however unimportant details, connecting with federal government companies, censoring remarks to manage the story, and pretending to have honorable objectives.

The post signed off by contacting readers to work out judgment in differentiating genuine news from phony news with a program to make money from the fallout.

” In the middle of all the sound, in some cases it is tough to differentiate what deserves your attention and what attempts to benefit economically from it.”

@otteroooo stays bold, calling Nexo’s “Bulgarian mafia techniques” a “adorable” effort to silence him. He declares the Twitter account purchasing conversation was an effort to silence him and slander his track record.

NEXO’S FAILED TRICKS TO SILENCE OTTER

Nexo Bulgarian mafia techniques are charming

thread demonstrates how otter trolled thought Nexo alt account

Otter understood it was an established to purchase the account to silence otter

Come see how they attempt and slander otter

and attempt get information on my Nexo posts

— otteroooo (@otteroooo) June 27, 2022

Nexo declares it is solvent

The fallout from crypto winter season has numerous platforms under pressure. Nexo declares its sensible technique and stringent threat management technique have actually placed it well in this tough duration.

At the height of the Three Arrows Capital (3AC) catastrophe, Nexo tweeted that it had no direct exposure to the company. 2 years earlier, Nexo stated they decreased an unsecured line of credit from 3AC, having actually found they were merely an intermediary because offer.

Оver 2 years earlier, we decreased 3AC’s ask for unsecured credit. We found out that they obtained it in other places.

It is now apparent that Nexo’s technique was proper. This is why our properties surpass our liabilities: https://t.co/nKmWs2ckte

— Nexo (@Nexo) June 15, 2022

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