{"id":63517,"date":"2022-06-27T11:15:24","date_gmt":"2022-06-27T08:15:24","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63517"},"modified":"2025-09-06T09:25:35","modified_gmt":"2025-09-06T06:25:35","slug":"nexo-accuses-twitter-user-of-defamation-and-threatens-legal-action","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nexo-accuses-twitter-user-of-defamation-and-threatens-legal-action\/","title":{"rendered":"Nexo accuses Twitter user of defamation and threatens legal action"},"content":{"rendered":"<p>A Twitter user under the handle otteroooo published a thread accusing Nexo&#8217;s co-founders of stealing funds from the Help Karma, a children&#8217;s charity fund. The crypto-lending platform threatened him with legal action.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">NEXO FOUNDER &#038; FAMILY SIPHONED FUNDS FROM CHARITY FOR SICK KIDS, USED DONATIONS AS PERSONAL SLUSH FUND, EVEN BUILT A PALACE FOR THEMSELVES<\/p>\n<p>Evidences presented in full by otter below<\/p>\n<p>no bueno!<\/p>\n<p>\ud83e\udda6 \ud83d\udc47\ud83c\udffc \ud83e\uddf5 \ud83e\udda6<\/p>\n<p>\u2014 otteroooo (@otteroooo) <a href=\"https:\/\/twitter.com\/otteroooo\/status\/1540862675306967042?ref_src=twsrc%5Etfw\">June 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>In a series of tweets, otteroooo claimed that Nexo was founded by Kosta Kanchev, Antoni Trenchev and Georgi Shulev. He noted their links to the Bulgarian microfinance company Credissimo.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">All three of our well connected Nexo co-founders Bulgarian boys were Directors in Credissimo too <\/p>\n<p>Source: Nexo&#8217;s whitepaper <a href=\"https:\/\/t.co\/1VkV6UfHMt\">pic.twitter.com\/1VkV6UfHMt<\/a><\/p>\n<p>\u2014 otteroooo (@otteroooo) <a href=\"https:\/\/twitter.com\/otteroooo\/status\/1540862716260122624?ref_src=twsrc%5Etfw\">June 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The author cited Bulgarian investigative journalists, who in 2020 reported misallocation of donations from the Help Karma children&#8217;s charity fund. Earlier, according to reporters, the father of Kosta Kanchev served on the board of the organization. The thread&#8217;s author drew a parallel with the appointment and the first Nexo ICO.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">What <a href=\"https:\/\/twitter.com\/birdbg2?ref_src=twsrc%5Etfw\">@BIRDbg2<\/a> discovered was on March 2018, Kalin Kanchev, father of Kosta Kanchev (Bulgarian boy 1) was installed on the Management Board of HelpKarma<\/p>\n<p>Coincidentally, March 2018 was when Nexo first ICO was conducted<\/p>\n<p>\u2014 otterooo (@otteroooo) <a href=\"https:\/\/twitter.com\/otteroooo\/status\/1540862731871408128?ref_src=twsrc%5Etfw\">June 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Otteroooo cited another investigative news outlet, which allegedly found connections between Help Karma and Credissimo.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">It gets worse, it gets way way worse<a href=\"https:\/\/t.co\/QtO9J8708B\">https:\/\/t.co\/QtO9J8708B<\/a> another investigative news outlet in Bulgaria, found that as HelpKarma&#8217;s donations piled in, Credissimo &#038; CredissimoSuper (same shareholders) starts to report huge increases in its capital!<a href=\"https:\/\/t.co\/q7Tdrwjltr\">https:\/\/t.co\/q7Tdrwjltr<\/a><\/p>\n<p>\u2014 otteroooo (@otteroooo) <a href=\"https:\/\/twitter.com\/otteroooo\/status\/1540862752029569024?ref_src=twsrc%5Etfw\">June 26, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As of writing, the first tweet had more than 4,000 likes and 1,500 retweets. According to otteroooo&#8217;s account data, it was created in March 2022.<\/p>\n<p>In response, Nexo representatives published a rebuttal, where they called the publications a &#8220;defamatory campaign&#8221; against the platform. The firm provided a breakdown of the thread, and pointed to inconsistencies, including confusion over names and personas.<\/p>\n<p>According to Nexo, one of the thread&#8217;s aims was financial gain. As proof, it presented a screenshot of a chat with otteroooo, where an unknown user allegedly offered the owner of the account a deal to buy the account.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/jk1fJl_O4nVr2Fi526TVCwnfNMDAzldSi47FFvcOXc33M3qUp8hdQqARUCxWMS8evb_oa1UBEMFiEFkUnMa5x_qyyi--1sjFjxYhC9iD_jvk7wo7lsUTWDOzgRdxmue5uIUBnoZ9PIZSr3qzfQ\" alt=\"Nexo \u043e\u0431\u0432\u0438\u043d\u0438\u043b\u0430 \u043f\u043e\u043b\u044c\u0437\u043e\u0432\u0430\u0442\u0435\u043b\u044f Twitter \u0432 \u043a\u043b\u0435\u0432\u0435\u0442\u0435 \u0438 \u043f\u0440\u0438\u0433\u0440\u043e\u0437\u0438\u043b\u0430 \u0441\u0443\u0434\u043e\u043c\"\/><figcaption>Source: Nexo blog.<\/figcaption><\/figure>\n<p>Along with the refutation, the platform threatened to sue the user and demanded the removal of &#8220;all comments, statements, reviews and publications&#8221; that tarnish its reputation.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abPlease note that we always defend our rights and interests by all available legal means, and our US and UK counsel are currently preparing a lawsuit, which will be filed immediately in court on all facts of humiliation and defamation\u00bb, \u2014 the statement says.<\/p>\n<\/blockquote>\n<p>The thread appeared amid ongoing problems at Celsius Network. On June 13 the firm <a href=\"https:\/\/u1f987.com\/en\/news\/celsius-token-plunges-50-amid-withdrawal-suspension\">paused withdrawals, exchanges and transfers<\/a> between accounts &#8220;due to extreme market conditions&#8221;. On the same day <a href=\"https:\/\/u1f987.com\/en\/news\/nexo-proposes-to-acquire-celsiuss-loan-portfolio\">Nexo stated readiness to buy Celsius&#8217; lending portfolio<\/a> from its competitor.<\/p>\n<p>In addition to Nexo, Celsius&#8217;s assets attracted <a href=\"https:\/\/u1f987.com\/en\/news\/chainge-finance-proposes-to-acquire-part-of-celsius-networks-assets\">Chainge Finance<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/goldman-sachs-to-raise-2-billion-to-buy-celsius-network-assets-reports-say\">Goldman Sachs<\/a>. Co-founder of online investment platform BnkToTheFuture Simon Dixon<a href=\"https:\/\/u1f987.com\/en\/news\/investor-proposes-rescue-plan-for-celsius-network\"> proposed a rescue plan for the lending service<\/a>, and later asked Nexo to connect with his team. He stressed that together the parties could offer a better solution.<\/p>\n<p>In June, Nexo CEO <a href=\"https:\/\/u1f987.com\/en\/news\/nexo-ceo-compares-crypto-market-crisis-to-1907-bank-panic\">Antoni Trenchev<\/a> compared the crisis in the crypto market to the 1907 banking panic and noted that more successful players must come to the aid of their colleagues in an effort to prevent the industry\u2019s collapse.<\/p>\n<p>Read ForkLog bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Twitter user under the handle otteroooo published a thread accusing Nexo&#8217;s co-founders of stealing funds from the Help Karma children&#8217;s charity fund. The crypto-lending platform threatened him with legal action.<\/p>\n","protected":false},"author":1,"featured_media":63518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1315],"class_list":["post-63517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nexo"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=63517"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63517\/revisions"}],"predecessor-version":[{"id":63519,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/63517\/revisions\/63519"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/63518"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=63517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=63517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=63517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}