The crypto borrowing and lending platform Nexo recently provided transparency into exactly how its business makes money. Its lengthy breakdown follows the collapse of numerous high-profile crypto lending firms that were overexposed to defunct projects and businesses. Nexo’s Business Model As Nexo explained in a Twitter thread on Monday, Nexo’s primary business strategy is to facilitate collateralized credit. Its core services include crypto collateralized loans, interest-bearing crypto accounts, and spot, futures, and options trading. Through its Earn product (crypto interest…
Tag: ChinaDan
Hacker Who Stole Records of 1B Chinese Citizens Demands 10 Bitcoins
An anonymous hacker named ChinaDan recently offered to sell the personal data of 1 billion Chinese residents for 10 Bitcoins. While there are uncertainties to this claim, Changpeng Zhao and others ask users to beware. Attack on Shanghai Police Database The hacker allegedly came by the information through a cybersecurity attack that took place earlier this year. According to Reuters, the breach leaked resident details contained in a database in possession of the Shanghai National Police (SHGA). Security experts have…
5 months ago 
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