Rich Investors Sue Crypto Lender for 2021 Withdrawal Freeze (1)

Cryptoasset lender, Nexo Capital Inc., was sued in London by investors who allege they were blocked from withdrawing parts of their $126 million in assets from the exchange in March 2021, when one Bitcoin was worth more than $54,000.

Nexo froze the accounts of two brothers and their cousin in late March 2021 and pressurized them into selling its own token back at a heavily discounted rate, lawyers for the investors said in the lawsuit. Owen and Jason Morton, and their cousin Shane Morton said they were forced to sell the tokens at about a 60% discount of the ...