Nexo Sued for 'Unlawful' Liquidation of Clients' Collateral XRP Amid SEC's Ripple Lawsuit

Nexo Sued for ‘Illegal’ Liquidation of Shoppers’ Collateral XRP Amid SEC’s Ripple Lawsuit – Regulation Bitcoin Information

Crypto lending agency Nexo is dealing with a class-action lawsuit filed by an XRP investor for “unlawfully” suspending the usage of the cryptocurrency as collateral with out giving discover to shoppers and subsequently liquidating the tokens. This occurred following the lawsuit filed by the U.S. Securities and Change Fee (SEC) in opposition to Ripple and …

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