Cryptocurrency "lending platforms" in succession, Nexo refutes charity fundraising, Hodlnaut accused of crisis

The lending platform Celsius has suspended withdrawals for over two weeks. Following this, similar centralized financial platforms have also faced financial crises, including BlockFi, which went from receiving financial aid to potentially being acquired. Additionally, Nexo and Hodlnaut are facing other accusations and revelations.

Is There a Celsius Acquisition in the Works?

Earlier reports have indicated that Celsius has engaged restructuring advisors like Alvarez & Marsal and Citigroup for assistance. There have been rumors of Goldman Sachs showing interest in acquiring Celsius assets at a significant discount, but neither Celsius, Citigroup, nor Goldman Sachs have confirmed these speculations.

Arthur Hayes, the founder of BitMEX, has also refuted these claims, stating that Goldman Sachs is merely acting as an advisor, performing consulting services for the bank to assist interested investors in purchasing distressed debt.

If this move could help Celsius resume withdrawals, it could restore confidence in the crypto market and inject more liquidity into the crypto bull run. However, unless Goldman Sachs explicitly states so, it's best not to believe that they would put their own money at risk. Until the funds are truly in place, all "rescue efforts" should be viewed as PR stunts.

BlockFi Resists FTX Acquisition

BlockFi's situation seems to be clearer compared to Celsius. According to clues obtained by CoinDesk and information revealed by BlockFi shareholder Morgan Creek Digital, multiple crypto venture capitalists are offering equity financing proposals to BlockFi.

Mark Yusko, a partner at Morgan Creek, has mentioned that seeking financing is to resist the acquisition by FTX. He pointed out that FTX's previous loan case had threatened existing shareholders, as FTX, if empowered, could remove existing shareholders and all previous round investors.

It seems that BlockFi may have no choice but to accept this, as FTX is the only institution among all potential rescuers capable of allowing users to withdraw funds without profits. If BlockFi chooses to cooperate with others, users will face a long wait for withdrawals.

Nexo Refutes Charity Fundraising Allegations

Crypto community member otteroooo, who previously accused BlockFi of insolvency, has now revealed that the three co-founders of Nexo raised a large sum of money through a charity organization and misappropriated donations for building private mansions and luxury travel.

Nexo has rebutted this with a lengthy post and vowed to take legal action against otteroooo. Nexo emphasizes that otteroooo's accusations have many doubts:

• Using unverifiable revelations to gain a large number of Twitter followers.
• Creating conspiracy theories with irrelevant but interesting details.
• Quoting news from private media organizations, as cited.
• Quoting erroneous news with names similar to co-founders. The community points out that the two are cousins.

Another well-known Terra series whistleblower, FatMan, seems to be siding with Nexo. He expressed that he does not support any CeFi platform, but this disclosure is clearly riddled with errors in detail, urging the community to look at Nexo's response. However, FatMan also admitted that both sides have not disclosed the truth, leaving people confused about the outcome.

Nexo also points out that otteroooo is just seeking to boost followers and releases a photo of him negotiating a potential acquisition of the Twitter account.

Hodlnaut

Crypto yield platform Hodlnaut previously clearly listed LUNA, UST, and other related yield products on their website back in April, but after the Terra crash, they explicitly stated that they were not affected.

Whistleblower FatMan, using the address marked by the data platform Nansen as evidence, emphasizes that Hodlnaut still holds a large amount of UST during the crash period and sees this platform as a potential ticking time bomb in the next crypto market.