Cryptocurrencies
Two Crypto-Lending Firms Ordered Shut by New York’s James
- Three others sent letters with questions about operations
- Nexo was one of two crypto lenders told to cease operations
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New York Attorney General Letitia James said she ordered two cryptocurrency lending platforms to stop operating in the state, and sent three other platforms letters with questions about their operations.
Though James did not name the firms, Nexo Financial LLC in a statement confirmed it had received a cease-and-desist letter, while a person familiar with the matter said Celsius Network LLC was among the firms that received a request for more information.