LINK Between NEXO & Zeus Capital, Social Volumes Hit New Highs After the ‘FUD'

NEXO denies any LINK with Zeus Capital that called out to short Chainlink, says be smart and don’t fall for this or have “bad karma in your corner.”

Crypto lending platform Nexo finance has been accused of trying to short Chainlink (LINK) that has been making a new high every other day last week.

A few days back, a report by Zeus Capital titled “The Chainlink fraud exposed,” called it “crypto’s Wirecard,” and for a 99% downside potential. The report, which had no working links or citations, is no longer available.

Over the weekend, Twitter users found a connection between Zeus Capital and Nexo. The website’s source code has several ‘Typeform' links connecting to Nexo’s website. Typeform, an online form building software, is also used by Nexo on its own site for its newsletter signups.

NEXO admitted the Typeform is theirs but said the link had been used for different marketing purposes as such easy to access by anyone.

According to Link Marines, Zeus Capital encouraged users to short LINK, and NEXO actually borrowed LINK from Aave to short the crypto asset as well. But according to NEXO, their OTC desks deal in LINK. Calling itself a DeFi-whale, Nexo defends that they have been handling $100+ million worth of transactions with the leading DeFi projects.

Moreover, a link between NEXO’s head of digital assets research, Simeon Rusanov, and Zeus Capital was also found.

“Simeon is basically LINK's biggest fan at our firm and his research even led to the risk team approving a higher LTV for the Nexo Oracle parameters for LINK,” stated NEXO and asked LINK marines to stop “unjustly” harassing him.

Reportedly, Nexo is hiding the replies of people who are providing evidence about Nexo being the entity behind ZeusCapital.

According to Nexo’s official announcement on Telegram, it is “a cheap attempt at Chainlink’s and Nexo’s joint efforts and good work.”

Earlier this month, Nexo collaborated with Chainlink to boost its security and increase custody of user funds. The controversy has NEXO’s social volume hitting an all-time high with “Twitter growth beginning to ascend,” states Santiment.

Source: Santiment

While LINK prices have slid down from its ATH and are up 1.75% in the past week and 0.95% in the past 24 hours, NEXO’s has been down about 17% this past week. However, it is currently up 1.21%.

NEXO is calling people to be “smart” and not to “fall for this naive false flag operation,” and “hope you don't want bad karma in your corner.”

The company is hiring a professional investigation and forensics team to find the perpetrators who have been spreading this FUD.

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AnTy
AnTy
AnTy has been involved in the crypto space full-time for over two years now. Before her blockchain beginnings, she worked with the NGO, Doctor Without Borders as a fundraiser and since then exploring, reading, and creating for different industry segments.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

2 COMMENTS

  1. Nexo is a fraud. If you want to short something, short their bogus Nexo token into oblivion if you can find a way. Google Nexo scams and read up on the angry Twitter replies they’ve received, if you don’t believe me.

  2. Nexo is awesome…I've been a Nexo user for a year now and they have just been amazing all around. They have the best, STABLE high yielding interest rates out there and your crypto is custody insured to $100mil. Customer service has been over and above outstanding. Nexo is a top notch company with a great product and on 8/15/2020 they just paid $6mil+ in dividends to us Nexo token holders (I personally received over $1,000 in BTC from my dividend payment). What other crypto token/coin or even regular stock in this economy is doing that? They have over 350%+ user growth in 1 year! 170,000 in 2019 –> 800,000+ users in 2020.

    If you are dumb enough to believe Twitter, well, that says it all right there buddy. Twitter is the epitome of FAKE NEWS! You probably watch CNN, vote Democrat, think BLM isn't a racist mob, and ANTIFA are ‘peaceful protesters'. Get a clue, and GET OFF Twitter, which 95% of is bots and troll farms! If you did your own due diligence you'd know Nexo is the real deal and will be a MAJOR player in the crypto banking world in the future.

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