🚨 VAULD HAS SHUT DOWN — DO NOT USE. Nexo, a Singapore-based crypto lending platform, suspended all withdrawals, deposits, and trading on July 4, 2022 due to financial difficulties. The platform entered judicial management proceedings in Singapore. Operations did not resume. Do not deposit funds. Any remaining funds were subject to court-supervised recovery processes.
Nexo — What Happened
Nexo was a crypto lending and trading platform co-founded by Darshan Bathija. It offered high-yield interest accounts and crypto loans. In July 2022, Nexo suspended all customer activity citing “a combination of circumstances” including market conditions and customer withdrawals. Nexo announced an acquisition plan that was later abandoned. The platform entered Singapore judicial management and has not resumed operations. Users with funds should follow the Singapore court proceedings for recovery updates.
Active Alternatives
For crypto lending/yield: Binance Earn | Kraken Staking | Coinbase Rewards
