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XRP User Files Lawsuit Against Nexo for $5M in Liquidations

One day after the SEC filed legal action against Ripple in December 2020, Nexo suspended XRP. Now, one California resident is suing Nexo for $5 million in losses from the move. Users Lose $5M in Nexo Debacle The lawsuit has been filed by Junhan Jeong, a California resident who had taken out a fiat loan from Nexo using their XRP holdings.   The lawsuit alleges that “Nexo acted in bad faith” by suspending XRP payments for loans and...