‘Smear campaign’: Nexo responds to accusations of stealing donations, siphoning funds from charity
Cryptocurrency lending platform Nexo has hit back at what it called “fake news” and rumors that its founders were part of a charity embezzlement scandal, saying the claims are untrue and defamatory. It has issued a public cease and desist notice to the originator of the allegations.
In a blog post about the claims, Nexo stated:
The pseudonymous Twitter account otteroooo, who calls themselves “Otter,” posted a series of tweets on June 25, claiming that Nexo’s co-founders stole funds from the Bulgarian charity HelpKarma to buy real estate and fund “lavish personal travel”.
NEXO FOUNDER & FAMILY SIPHONED FUNDS FROM CHARITY FOR SICK KIDS, USED DONATIONS AS PERSONAL SLUSH FUND, EVEN BUILT A PALACE FOR THEMSELVESEvidences presented in full by otter belowno bueno!
The thread garnered a large audience on Twitter, with Otter sharing a screenshot that it had received over 9 million impressions, prompting Nexo to respond to what they say are “ludicrous allegations” and issue the cease and desist notice.
The central allegation Otter makes is that the founder of HelpKarma and co-founder of Nexo "Konsta Kanchev" used funds from donations to help build a palace instead of using the money for children's medical treatments.
Konsta Kanchev (Bulgarian Boy 1) embezzled the funds and went on to build a muthaf*ckin PALACE, "the size of a high school"The money came from the donations of more than 130,000 Bulgarians who readily donated into what they thought was meant for medical treatment for children pic.twitter.com/NCd7TLbF4A
In a response by Nexo it points out that a “Konsta Kanchev” doesn’t exist and Otter deliberately made the name “to mimic a typo as an excuse to fact-checkers” by confusing two separate people, HelpKarma founder Constantine
Read more on cointelegraph.com
