What happens to my assets if NEXO goes under?

In the unlikely event that Nexo goes under, yes, your money is gone. There is no insurance in the world that covers something like that I’m afraid. It’s the same for Celsius, CDC, or any wallet provider.. remember, not your keys not your crypto. There is always a risk.

Update 07-2022: As proven by CelPonzi (yes, Celsius has always been a ponzi and I’ve warned users of it for years), there is always a risk. That being said, Nexo is in my opinion the safest CeFi lender out there. From the public attestation, amazing communication with users, licenses and security practises.. I am confident that Nexo is here to stay.

August 21, 2022
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