Not your keys, not your coins. Objective risks of crypto interest accounts?

New to Reddit. I have moved my crypto to Nexo. It’s less than 50k value USD at time of posting and in ETH and BTC. Not your keys, not your cheese slogan is everywhere - but why are people so against/ highly cautious toward crypto interest accounts? What scenario would cause me to lose my capital in Nexo? The loans are overcollaterilized, which seems safe. In a rapid market collapse, are my funds at risk? I haven’t found a credible/quality write up of the risks online yet. Thanks y’all.

Go to self.Nexo

Not your keys, not your coins. Objective risks of crypto interest accounts?

Bitcoin Obituaries- a website that keeps track of every time bitcoin has been declared dead

Indian Financial Experts who don't even have the basic knowledge of Cryptocurrency are suggesting the ban of Cryptocurrency in India.

"Bitcoin Falls After Gensler Says SEC Must Root Out Crypto Fraud" Personally, I don't think this means anything. He is testifying during his confirmation hearing, and knows certain things need to be said. I've listened to Gensler lecture at MIT, and he knows crypto, and Bitcoin intimately.