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Nexo Reports Zero Exposure To Genesis

Published date:

February 2, 2026

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Cryptocurrencies can be volatile and high risk. Though our articles are for informational purposes only, they are written in accordance with the latest guidelines from tax agencies around the world and reviewed by certified tax professionals before publication. Learn more about our Editorial Process and Risk Warning.

Nexo’s latest tweets revealed that the platform does not have any exposure to Genesis after the latter suspended its loan services.

.@Nexo would like to confirm that we have $0 exposure to Genesis, Gemini, Luno, and BlockFi.
Our hearts go out to those affected.https://t.co/MlGqLwJplL https://t.co/UwhckmBqec
1/
— Nexo (@Nexo) November 16, 2022

The crypto firm noted that its “strict risk management” has allowed it to remain exposure-free to the majority of collapses in the crypto industry. These include TerraUSD’s collapse in Q2 2022 and recent events such as Celsius and FTX filing for Chapter 11 bankruptcy. Nexo previously noted,

“Nexo is the only lender that never restricted withdrawals.”

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Earlier today, Nexo’s real-time audits conducted by Armanino LLP were missing from its website. This led to the community speculating that Nexo is under threat of insolvency.

However, Nexo soon dispelled these rumors. It claimed that the audits were not visible due to technical difficulties and notified Armanino about the error.

The webpage displaying the real-time audits is now online, with a spokesperson for Nexo adding,

“With previous such downtimes of the Armanino real-time attestation, the problem was resolved promptly within a day.”

How we reviewed this article

All Bitcompare articles go through a rigorous review process before publication. Learn more about our Editorial Process and Risk Warning.

Ayush Pande

Written by:

Ayush Pande

Writer

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

About the Author

Radica Maneva

Reviewed by:

Radica Maneva

Senior Editor

Radica is a Senior Editor at Bitcompare. She has worked for more than a decade at leading publications as an Editor across various industries, including crypto and finance.

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