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.