/biz/ - Business & Finance

>573k in cold wallet and 75k in Nexo 2
>Roughly 650k LINK total controlled by Nexo, plus maybe another 100k scattered throughout defi
Nexo has less than 1 million LINK under their control. They can't short anymore, they can barely give users their funds. Either they will suspend withdrawals or have to buy back LINK with bitcoin, making the price go up. SOON.

>>50392315
Yes, I didn't mentioned the swarm transactions because I didn't have the onchain evidence on hand, but this is absolutely true (most of what I'm describing is just rehashed from stuff other /biz/ anons have been saying anyway). This is why I think they truly have no liquidity left anywhere else that we aren't seeing. They've pulled from other ponzis, exchanges, dust wallets, they've pulled everything they've got into 2 wallets now, and they only have a few weeks of runway left.

The fact that they have 1 month lockups on crypto means we probably have at least another few weeks of continued steady withdrawals as people get out as fast as they are allowed. That's basically the only thing allowing them to pretend to be solvent at this point.

Fuck these cefi games, we've said all along, cold storage only.