Nexo agrees to pay $45 million to settle! Resolves securities charges brought by the U.S. SEC and regulatory agencies

The cryptocurrency lending platform Nexo Capital Inc. has agreed to pay a $22.5 million fine and cease offering and selling its Earn Interest Product to U.S. investors without registration to settle charges brought by the U.S. Securities and Exchange Commission (SEC). Nexo has also agreed to pay an additional $22.5 million fine to settle similar charges brought by state regulators.

The cryptocurrency lending platform Nexo Capital Inc. has agreed to pay a $22.5 million fine and halt the unregistered issuance and sale of the Earn Interest Product to U.S. investors, settling charges brought against it by the U.S. Securities and Exchange Commission (SEC). Nexo has also agreed to pay an additional $22.5 million fine to settle similar charges brought by state regulators.

In a statement, the SEC alleged that Nexo Capital Inc. failed to register its retail crypto asset lending product, Earn Interest Product EIP, for offers and sales. The SEC, considering the remedial actions taken by the company and its cooperation with the commission staff, agreed to a settlement with Nexo.

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