Cryptocurrency

Attorney General Brown joins $22.5 million settlement with crypto asset platform Nexo

Posted on by Chris Montcalmo

BALTIMORE, MD—Maryland Attorney General Anthony G. Brown’s Securities Division announced that it has joined a $22.5 million multistate settlement with Nexo Capital, Inc. In September 2022, Maryland filed an action against Nexo in connection with its Earn Interest Product (EIP) accounts. The Securities Division had alleged that the EIP accounts enabled customers to deposit crypto assets with Nexo. In exchange, […]

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Cryptocurrency

Attorney General Frosh announces action against cryptocurrency provider Nexo Group

Posted on by Chris Montcalmo

BALTIMORE, MD—The Office of the Attorney General’s Securities Division this week announced that it has filed a Cease and Desist against a cryptocurrency interest account provider, Nexo Group and its co-founder Antoni Trenchev (collectively, “Nexo”), ordering them to cease and desist violating Maryland law in connection with the offer and sale of Nexo’s Earn Interest Product (EIP) accounts. The Securities […]

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