Have you had a negative experience with a crypto lending platform? Sharing your experience with the community, policymakers, and regulators is one of the best ways to help other consumers avoid falling victim and to bring about action against predatory lenders.Consider submitting your testimonial below and tag us in your posts on Twitter, Facebook, and Reddit. Together we can help improve awareness of the risks.
Consider submitting your testimonial below.
"I don't trust Nexo. I got liquidated on one of my bags, used 15% collateral. Well within limits. Lawsuit happened. Nexo froze all XRP. Couldn't pay back or anything. Flash crash, I got a text that Nexo would start taking small payments. In an instant, the entire bag was gone."
"YES. Be careful man, if your $XRP is ok Nexo when the real moon begins, you probably won't get it back. Aside from the lawsuit fiasco, I've had transactions take days to complete."
"I don’t trust nexo, they are faced with a ton of lawsuits from clients, their community on Reddit is a huge mess."
"Here is a question can Nexo be sued if they are found not to be holding enough xrp to transfer for the rightful owners. And then if they get the drop and sell is Nexo the next criminal like coinbase"
"They are corrupt brother. Nexo got me for over 90k+ XRP. Those bastards immediately froze the repayment button and basically froze our assets right during the sec vs ripple lawsuit last year. I couldn’t do anything and all I could do is watch my collateral liquidate at 17 cent"
“Unfortunately, I got hit and cannot withdraw my money out. They will go out of the way to help you get money in it but, when it comes time to withdraw money out, no suggestions can be made from them…Yes, the 12 17% interest looks good but, my advice you better go somewhere else and put your money or you..."
“Pyramid scheme – avoid! It's fine and the returns on the website look great. The only problem is when you try to get your money out. You have to wait for other people to take over your loans before they let you take your money back. People have been trying for the past two years unsuccessfully..."
“Nexo took my bitcoin without me knowing. Nexo claims that when you take out their line of credit you would not have to pay, they will deduct from your account on 12.9% an annual. However, too good to be true, I took out a 17K US out on my Nexo line of credit, which was less than 50% LTV from my asset..."
“They ran away with lots of investors money. It was a terrible experience for me when I couldn’t log in to my account of 190.000 $$ I thought my world as come to an end because that’s all I have…”
"When I wanted to make a loan, everything was as smooth as silk. But when I ran out of credit and needed to make a withdrawal, it let me make the withdrawal and even subtracted the amount I asked for from my account. But the money was not posted to my bank or anywhere else I could find. In short, my money..."