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Cryptocurrency lending forum Nexo reverted to what it called "fake news" and rumors that its founders were part of a scandal involving fraudulent charities, saying the allegations were untrue and offensive. Issued a public notice of suspension and withdrawal of the founder of the allegations.

In a blog post about claims, Nexo said:

"Many anonymous Twitter accounts use lies and distortions in another campaign to discredit Nexo and gain short positions in a depressed market."

A fake Twitter account called otteroooo, who calls himself "Otter," sent a series of tweets on June 25, claiming that the founders of Nexo stole money from the Bulgarian charity organization HelpKarma to buy places to sell and support a "luxury private trip" ”.

The series drew a large audience on Twitter, with Otter sharing a screenshot that garnered more than 9 million views, prompting Nexo to respond to what they called "confusing allegations" and issue a notice to stop and stop.

The main allegation Otter makes is that the founder of HelpKarma and the founder of Nexo "Konsta Kanchev" used donation money to help build a palace instead of spending money on children's medicine.

In Nexo's response it appears that "Konsta Kanchev" does not exist and Otter deliberately uses the word "imitation typing as an excuse for facts checkers" by confusing two different people, the founder of HelpKarma Constantine Krastev and Nexo co. -founder Kosta Kantchev, as the same person.

Speaking to the Cointelegraph about merging the two, Otter shared a deleted article from the Bulgarian Fakti store stating that the two were cousins ​​and that Constantine in Bulgarian was labeled "Konstantin" but never gave further comment.

One of Otter's biggest allegations is that as HelpKarma donations grow, the Credissimo payday loan company began reporting a sharp increase in its capital, citing a November 2020 Fakti report, meaning donations were used to fund Credissimo.

As for how this tumor interacts with Nexo, Otter points out that Nexo's white paper claims to be "powered by Credissimo." Credissimo was founded by Kantchev, and Nexo founders Georgi Shulev and Antoni Trenchev were the directors of corporate development and innovation companies, respectively.

Responding to the allegations, Nexo said that he and HelpKarma "have never and have not had the same functions, regular benefit owners or general managers," adding:

"'Why would a company with hundreds of millions of dollars and billions of assets under management, audited by Fidelity, Mastercard and a host of regulators ever have to resort to theft, let alone for children with medical needs?' question. ”

Cointelegraph contacted Nexo to comment on the allegations and has not yet received a response.

The main reason Nexo says why Otter posted these allegations is that Otter gained more fans and sold the account.

Nexo shared photos of someone trying to buy Otter's account, to which Otter responded that they wanted a small $ 50,000 USD Coin (USDC).

However, in a Twitter post posted by Otter on June 26, they said they suspected the messages were "prepared" to purchase an account for Nexo to silence them. Instead they "devised a move" to sell the Otter account in order to raise Nexo's "silence money" and create another account to "continue exposing them."

Nexo says this is not the first time they have been part of what they call a "planned attack," citing allegations in 2020 that it was behind Zeus Capital, a freight forwarding company that wanted to shorten Chainlink (LINK).

Source: cointelelgraph

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