Nexo complaint: Illegallly liquidated thousands in crypto

Name: Illegallly liquidated thousands in crypto
Item: Nexo
Author: Kam

Open 15 Jun 2022 185 views Crypto / DeFi / Blockchain

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Filed 15 Jun 2022 by Kam

I had a loan with Nexo using thousands in crypto. Nexo sent emails stating they would automatically liquidate at a certain percentage. Every single time I checked my percentage did NOT match the amount they stated they would liquidate.

Just checked my account and they sold 95% of my portfolio illegally. Do not use this platform for a loan!

Nexo complaint: Illegallly liquidated thousands in crypto — Photo Kam uploaded with this complaint

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Case details

Status: Open
Company: Nexo
Filed: 15 Jun 2022
Desired resolution: Give me all my crypto back.
Problem: Portfolio liquidated at wrong threshold
About: crypto-backed loan

Progress

Filed
Company notified
Company replied
Resolved

15 Jun 2022 Complaint filed and published
15 Jun 2022 Message from Bizzy: we notified Nexo about this complaint.

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