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This is the my situation on the Nexo Dashboard :

from Binance:
Completed TUSD 2947.07007 2019-01-07 11:35:12

Address: 0xde1dc0cf80ed7e819b7d9fe15657e06e69cbfa84
Txid:    0xf2055a28bddeb6952db76aadb3c6a903efc3d7f361f4b6a572264b431a57dd57

After two days this is my current  balance TUSD on Nexo

https://etherscan.io/address/0xde1dc0cf80ed7e819b7d9fe15657e06e69cbfa84

Token Balance : $ 0.59
 
Nexo replies that the funds have been blocked for their internal investigations

At the  in the light of what is happening to me it does not seem defamatory  what written here so that also I begin to I feel obliged to warn and write you about this bad situation

If will change this situation on Nexo  or I will have my funds, I will let you know

You were right in 2018 there were too many scams that had hurt many people, and made investors afraid to invest. It seems that this is a very good idea to be realized in 2019, so that no further fraud occurs. And at least minimize fraud projects, the question is who will operate the website?
Thank you.

We'll see about that. But anyways thanks for the warning and hopefully you are true about your claim that it was a scam or else your red trust will be added.

Dear Mr. Nexo ...


as if a bank told its customers that the wire transfers can not be cashed or lost for problems of updating windows on their systems: "BUT YOU ARE JOKING WITH THE MONEY OF CUSTOMERS "

BEFORE DELIVERY OF FINANCIAL SERVICES YOU SHOULD BE COMPETENT AND SAFE AT 1000 x 1000 that the deposits are successful. There are no excuses only your incompetence is certain. We will monitor this situation and continue to write that you are a scam until we see all users reimbursed.

Dear All,

At Nexo, we understand the frustration that some user experienced in the past few days with some  TrueUSD transactions. Let us start off by saying that everyone’s funds are safe at our SEC-qualified custodian BitGo and will find their way to their rightful owners later today/tomorrow. BitGo is backed by Goldman Sachs and is CCSS Level 3 and SOC 2 compliant.

The confusion mentioned in this thread was caused by TrustToken’s (the company behind TrueUSD) sudden decision (https://blog.trusttoken.com/upgrade-80ba355f8960) to introduce a new proxy smart contract, without much prior notification or newsletter to both users and businesses, so they can adapt accordingly. Nonetheless, we are now finalizing the upgrade that will take into account their new proxy smart contract.

Please note that while Nexo is a strong proponent of freedom of expression, the authors of malicious and deliberately deceitful statements about Nexo will be pursued to the limits of the law by our legal team, so as to protect our impeccable reputation.

Nexo is backed by the 10+ years of experience and reputation of Credissimo which has been strictly supervised by several European Financial Services and Central Bank regulators since 2007.

Nexo is the world’s largest and most trusted crypto lender (https://medium.com/nexo/instantly-happy-nexo-clients-10dad59067ac) and one of the few profitable blockchain enterprises (https://medium.com/nexo/nexo-interim-report-december-15-2018-85b58088f858). We service our instant loans across 200+ jurisdictions and in more than 40 fiat currencies (https://medium.com/nexo/crypto-backed-loans-in-over-40-currencies-in-over-200-jurisdictions-brought-to-you-by-nexo-397fb2d54b76).

Thanks for your understanding and support!

The Nexo Team

Information scam at the beginning of 2019, was very sad to hear this information. Hopefully not many are deceived, thank you for the information that has helped many people and this forum community from greater losses

If it's a legit concern, thanks for sharing, I just think there's a lot of reason to think Nexo isn't a scam, and it's more likely that you are mistaken in calling Nexo a scam.

If there's a problem, hopefully their support will step up & fix it, but as I said, I've been monitoring lots of communication about Nexo and haven't heard of this issue.

So, sorry if you're having problems, but labelling them a scam is wrong until substantiated.

Thanks for the warning pal. Their site is somehow really nice in terms of UI so they are really somehow too tempting but deceiving.This is a great help for us and other investors who doesn’t know yet about this site.

In 2018 there were a lot of scam projects. I think that we all need to create a special huge website where we all will analyze projects if we have doubts and thus we will check them for fraudulent activities.

To be honest, I think it's more likely that a Bitcointalk user with a trust rating of -4 is either at it, or made a mistake, than Nexo is scamming people.

Of course it's possible that Nexo would / could scam, but they've lent out tens or hundreds of millions of dollars against crypto collateral, and so far I've heard of zero users losing collateral, except through liquidation.

I've personally taken out multiple loans with them against my own crypto, and have never had collateral go missing & they have provided a slick service.

I've been following their telegram chat, reddit, and tweets since they began, and this is the first I've heard of a problem like yours.

They have a very slick platform that can provide instant loans in all kinds of fiat currencies to countries around the world... if they've really managed to build such a slick platform and global payment / banking partnerships to just run a scam, I'd be amazed... though it wouldn't be unheard of.

So, I'll be very suspicious of your fraud / scam claim unless you can provide some proof & the issue isn't resolved after a decent amount of time. If a bunch more reports come in that deposits are going missing, I may start to worry, though I think that's quite unlikely.

Many thanks to your headsup! I discovered this company a few weeks ago and it looked really suspicious. Promises were delayed and it sems to be a hardly shilled project.

Of course, I won't invest! I heard it requires KYC, this is also a big red flag!

It's placed on 80th place in CMC. It looks over rated platform for me if based on your opinion about scam allegation to the nexo. A lot of dumb speculators must think for a twice before they can determine which is platform that really worth to invest. NEXO will be the next scam.

Scam allegations is a very serious and sensitive topic. Thanks for the scam warning, however I would like it if you can also provide proofs possibly from communications or attempted communication with the NEXO project team.

Thanks for the information but do you have any proofs that nexo admin told you that you lost your money due to TUSD Contract issues?,share that Screenshot too in this post. Nexo is already established & customer focused project just mail them on customer supports hopefully you will get back your funds.

ow that's bad.. thank for the information mate.. hope other investor will see this post and not to invest on them anymore

Bad news to start this year, there are still many ways of fraud. And one of them is what you tell here. I did not participate in or invest in NEXO, but this is the news which certainly makes investors more afraid and worried about entering crypto investments. I don't know how long the scam paradigm will continue and worsen the atmosphere. Honestly I'm concerned about reading the news that you shared here, but I also want to thank you for this information. Of course it will be useful.

Thanks for the warning. I'm really not too excited about them. I met them in a Meetup, but their speech really didn't convince me.

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