My question is if I deposited some crypto or fiat currency to Nexo, and Nexo defaults. How can I get my money back? I looked at their site and googled for the info but couldn't find the answer. I understand that they may be insured but this doesn't answer my question I think.
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2 Answers
The problem with defaulting is that you can’t get your money back. If you could (through their insurance etc), they wouldn’t be defaulting.
Their website looks like they are designed to fleece their “investors”. I think it’s unlikely that they are going to run out of money, more likely that someone will take all the investors money into a country without extradition treaties.
I’ll have another look next year.
answered May 22, 2021 at 14:58
