2026-01-16 04:23:19

Another crypto lending platform has run into regulatory trouble. Nexo Capital was recently targeted by the California Department of Financial Protection and Innovation, and the reasons are significant — between July 2018 and November 2022, this company issued at least 5,456 loans to California residents without a valid license. Even more outrageous, they hardly checked the borrower's repayment ability, debt situation, or even credit history before lending. The regulatory agency has imposed a penalty: a fine of $500,000, and that's not all. Nexo has 150 days to transfer all funds from California clients to Nexo Financial LLC, their licensed affiliate in the US. In plain terms, this highlights how serious the risks are when compliance awareness is lacking. Lending may seem simple, but risk control and regulation are indispensable, especially in the US regulatory environment.

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RektButAlive

· 01-17 04:25

Wow, another reckless one. Not even doing basic risk control and still daring to lend? Nexo has really pulled back this time. Lending wildly without a license should be punished. It's again U.S. regulation. These people just don't learn their lesson. Compliance is such a thing—some projects treat it like air, and they deserve to be hammered. Honestly, lending business is the easiest to have issues with. Without risk control, it's just gambling.

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LiquiditySurfer

· 01-16 11:22

It's already 2024, and you're still lending without a license? Nexo's operation is truly outrageous, with zero risk control—how reckless can they get?

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LiquidatedTwice

· 01-16 11:16

Here we go again. Nexo really messed up this time. Over 5,000 black loans defaulting, serves them right for not taking credit checks seriously. Lending without checking credit? This isn't a financial platform, it's a scam group. Compliance really can't be avoided. Especially strict here in the US. Nexo should have learned their lesson long ago. A $500,000 fine just to move on? Think again, Nexo. This is just the beginning. Why are people still optimistic about these platforms? If they don't even do risk control, what can you trust? Another one slapped by regulators. I feel embarrassed for them...

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CryptoTherapist

· 01-16 04:53

ngl nexo's compliance trauma just hit different... like, your portfolio screaming for help but nobody's listening to the risk signals 💀

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CoconutWaterBoy

· 01-16 04:52

Once again, the regulatory stick is coming down, and Nexo truly has no one to blame. They dared to lend without a license, they deserve to be punished. $500,000 is considered cheap; the US is not a place to play around easily. That's why I withdrew early—risks are just too high and not worth it. If you don't do proper risk control, don't get involved in lending; the threshold for this industry is much higher than you think. Nexo's incident serves as a warning to all platforms. Projects without compliance awareness will eventually crash; I've seen it happen many times.

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CryptoSourGrape

· 01-16 04:49

Oh my, if I had known Nexo was so reckless, I wouldn't have been so honest... --- If I hadn't cared about licenses and just lent out money back then, would I be able to make that money now? --- 5456 loans without checking credit records, that’s really bold. Unfortunately, I got caught... --- No wonder some people get rich; it turns out compliance is optional. --- $500,000 to settle? I think this guy is dreaming. --- If risk control is so lax that you can survive for over 4 years, then why did I bother learning about risk management before? --- Another one caught in US regulation. How many in this industry can actually come out alive? --- It's really "not checking repayment ability before lending," this is basically a death wish tutorial. --- Look at how brave they are, then look at the balance in your account, and suddenly you regret it. --- 150 days to transfer the account, is Nexo "legally escaping"? Haha

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MEVHunterZhang

· 01-16 04:46

Damn, Nexo's operation is really amazing. They lend without even checking credit history. Isn't this just gambling behavior?

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FarmToRiches

· 01-16 04:36

Ha, Nexo really dropped the ball this time, even daring to cut corners on basic risk control. Seriously, lending without checking repayment ability? That operation is basically gambling. With such strict regulation in the US, how dare they go naked for five years? I just don't get it. A fine of 500,000 might be nothing to them, but the key is that their reputation is ruined. That's why I never touch unlicensed platforms, no matter how high the returns. So, in crypto finance, you really have to play it safe and follow the compliance route.

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GasFeeWhisperer

· 01-16 04:28

Same old trick again, lending without licenses or due diligence and still expecting to walk away unscathed? A typical gambler's mentality.

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