Group of investors sues Nexo in London High Court for holding them from withdrawing cryptocurrency worth $126M.
Nexo in response to the above statement by the investors called them “opportunistic”, considering that the claim has been brought sometimes after the events in question took place from 2020 through to March 2021. Nexo had considered the matter closed, and is disappointed to see it re-emerge.’’
The investor tried to withdraw their crypto assets in March, but they faced an issue and later alleged that Nexa froze their accounts. Brothers Jason, and Owen Morton, and their cousin Shane Morton are the investors involved. Furthermore, Morton’s shares were squeezed and they were forced to sell “Nexo’s token” at a discount price.
“All transactions, including the sale of their Nexo tokens, were completed in good faith, were documented, and were accepted as final by the claimants at execution,” claimed Nexo.
Nexo also commented, Having made substantial profits from trading their Nexo tokens, the claimants withdrew all their assets from the Nexo platform and they are not disputing this fact.
Also read: Users Panic as a Nexo Address Withdraws $153M in wBTC from MakerDAO
