Crypto Lending Institution Nexo Claims 0 Net Exposure to FTX and Alameda

Crypto lending institution Nexo tweeted that it has 0 net exposure to FTX and Alameda.

Nexo said it has withdrawn its entire balances from FTX over the past few days. It has a small loan to Alameda, which is less than 0.5% оf its assets, fully collateralized by digital assets that were sold in full by Nexo team two days ago, resulting in 100% principal recovery and $0 losses for the company.