NEXO price drops 40% in three days on rumors of ties to ‘insolvent’ crypto fund

The price of Nexo (NEXO) continued to fall on June 15, as Nexo denied rumors of exposure to Three Arrows Capital (3AC), a Dubai-based crypto fund facing insolvency risks. NEXO price suffers on DeFi contagion fears  NEXO, which serves as a security token at a cryptocurrency lending platform of the same name, fell nearly 25% … Read more