Nexo users do not have ‘unfettered’ right to withdraw crypto holdings, exchange says

The News Craving

By Louis Goss Crypto exchange Nexo has said its customers do not have the “unfettered” right to withdraw their cryptocurrencies from its platform, as it seeks to defend itself from a High Court lawsuit. Instead, Nexo said its customers only have the right to “request” withdrawals, as the exchange said it retains the right to reject any customer requests and impose withdrawal limits, court documents seen by City A.M. show. The claims come as Nexo is battling to defend itself from a High Court lawsuit filed by a family of fintech entrepreneurs, over claims it blocked the three investors from wit…

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