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Marylanders Invested $15M Into Unregistered Crypto-Lending Platform Nexo, AG Says Marylanders Invested $15M Into Unregistered Crypto-Lending Platform Nexo, AG Says
Marylanders Invested $15M Into Unregistered Crypto-Lending Platform Nexo, AG Says The Maryland Office of the Attorney General’s Securities Division is the latest to file a cease and desist order against a cryptocurrency account provider who allegedly violated state law. Nexo Group and its co-founder Antoni Trenchev violated the law “with the offer and sale of Nexo’s Earn Interest Product (EIP) accounts," Attorney General Brian Frosh and Attorneys General from seven other states said. More than 93,300 US residents have EIP accounts with Nexo Group, investigators noted, of which, more than 1,800 were from Maryland. Those accounts collectively hold assets totaling…

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by Zak Failla