Hi @littlenewthings, whilst it is important to know which strategy works and is worth your time, you also need to make sure that the institutions you are relying on to invest your crypto/money is trustworthy.

In the crypto world fraud abounds. Therefore, even a little caution goes a long way. You said you have used nexo.io to invest some of your holdings. Have you checked the credibility of nexo?

The first thing you need to do when checking the credibility of any organization is to check whether they have been transparent. If they are hiding information which ought to be revealed then it is a red flag!

Upon checking nexo.io website these are the observation we made:

a) Nowhere do they reveal the actual identity of the entity/entities owning nexo.io. They are evasive about the identity of the owner/owners. No Contact Information. No address for service of legal process. Clause 13 of the Terms and Conditions (Governing Law & Jurisdiction) reads,

• "These Terms will be governed by and construed in accordance with the laws of the Website Owner’s jurisdiction, and you submit to the non-exclusive jurisdiction of the Website Owner’s jurisdiction for the resolution of any disputes."

Why so secretive about who the owner of the website is? In case of a dispute how are we to serve legal process (legal documents) if we do not know the owner and the country in which it should be served?

b) At https://support.nexo.io/hc/en-us/articles/360008236853-Where-is-Nexo-registered-and-is-it-regulated-, Nexo makes the following claim:

• "The Nexo Group has legal entities in various locations throughout the world, in order to service 200+ jurisdictions in the most efficient manner and is in compliance with all applicable global and local regulations."

• "Please rest assured that Nexo is compliant everywhere it provides services and retains top-tier legal counsels in the jurisdictions of its operation. All aspects of Nexo’s activities are vetted before execution by the relevant legal and compliance teams."

Nexo.io was registered on 11th Jan 2018 (https://www.whois.com/whois/nexo.io). That means they are 2 years 7 months old. We are not sure whether even well established companies like Google and Amazon will be able to make the foregoing statements claiming legal entities in 200+ jurisdictions and retaining top tier legal counsels in these jurisdictions.

Furthermore, there are only 195 countries in the world (https://www.worldometers.info/geography/how-many-countries-are-there-in-the-world/). Which means there are only 195 jurisdictions. Could it be that Nexo is using the term "jurisdiction" in a different sense?

It just sounds too preposterous to make those two statements above.

We are not saying that nexo is a fraud. We are just saying that their alleged credentials and claims are not backed up with solid evidence and therefore do not augur confidence. The onus is on them to do so, especially in the cryptocurrency sphere, where frauds abound. It is also in their interest to do so, if they can honestly do it.

The above are the observations we have made upon a cursory check of Nexo website. There could be a lot more if you do a more thorough check.