Nexo
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NEXO · 1w

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.
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