Quote from: PX-Z on September 20, 2023, 11:21:25 PM

Quote from: Beerwizzard on September 20, 2023, 06:40:50 PM

Quote from: UserU on September 20, 2023, 05:26:54 AM

Quote from: mescalito on September 20, 2023, 03:01:18 AM

I have been using them for almost 2 years and since they're the only platform that has not stolen my funds, I'm happy Grin

My guess is they're going to continue operating for at least few more years.

After the collapse of Celsius, it's not always worth losing your assets over those cents and dollars.

You need to conduct your own research as it is wrong to think that the platform is the same as Celsius.

I guess you misunderstand the way he said, there's nothing mentioned that they are the same platform, but investing on such kind of platform and gains is always a risk when it comes to crypto. There are lots of the same kind of company lost and filed bankruptcy already that's normal people won't encourage anyone to invest on such.

Everything is risky when it comes about the money. You need to be able to check the legitimacy of the project along with it's business model. So if you find that someone offers a large APY on stablecoins and the company hires a former porn actress to the team to attract new investors then this is a red flag.

Cmon, Celsius had lots of red flags even before it collapsed.

Quote from: stompix on Today at 08:36:38 AM

Quote from: Beerwizzard on September 20, 2023, 06:40:50 PM

Considering the real-time audit, Nexo got completely different business model from what took place in Celsius, where they had a clear Ponzi scheme.

There is no different business model!
Celsius didn't go ponzi, they simply overlend money and a liquidity crash took them down s they had money in all the wrong places.
Nexo is, for now, it just playing it safer, acting more like a traditional bank but this doesn't mean that's safe and doesn't mean that it will guarantee any kind of profits whatsoever.

Celsius have a bright range of accusations including pumping their CEL token using their own customer deposits. This is far beyond overlanding the money and pretty close to ponzi scheme.

Quote from: stompix on Today at 08:36:38 AM

Quote

“We charged Nexo with failing to register its retail crypto lending product before offering it to the public, bypassing essential disclosure requirements designed to protect investors,” said SEC Chair Gary Gensler. “Compliance with our time-tested public policies isn’t a choice. Where crypto companies do not comply, we will continue to follow the facts and the law to hold them accountable. In this case, among other actions, Nexo is ceasing its unregistered lending product as to all U.S. investors.”

You were saying....

So what does it say?
Coinbase also was charged by SEC. Does it mean the exchange is scam?