The Twitter account “@otteroooo” has claimed that crypto lender Nexo embezzled funds from a charity. Nexo says the the account user is intentionally using the name of someone unrelated to Nexo.
A person or persons using the Twitter handle “@otteroooo” is the target of Nexo’s legal department, after the tweeting Mustelidae alleged that Nexo’s co-founders had siphoned funds from a charity called HelpKarma.
In a tweet thread, otteroooo alleged that Kosta Kanchev, a co-founder of Nexo, siphoned funds as an executive the from charity crowdfunding platform HelpKarma to build “a palace the size of a high school.”
But as Nexo pointed out in a rebuttal, there’s an issue of confused identity: The founder of HelpKarma is Constantine Krastev, not Kosa Kanchev, who shares little physical similarities to Krastev.
For otteroooo’s part, the Twitter identity maintains that it wasn’t personally served a Cease and Desist notice by Nexo.
The twitter presence also claims that a PR representative of Nexo, operating via an anonymous account, offered to purchase otteroooo’s Twitter profile — provided that it would feed “dirt” on competitors of Nexo back to headquarters.
A spokesperson for Nexo got in touch with CoinDesk to say that individual who conversed with otteroooo was not affiliated with Nexo. Rather, the spokesperson said, they contacted the Nexo team with information regarding otteroooo’s desire to sell his account.
The Nexo spokesperson said the individual that contacted otteroooo did so in order to help stop the spread of FUD that “deals collateral damage to the entire crypto market.”
Nexo recently announced that it had hired banking giant Citigroup (C) to advise it on mergers and acquisitions of other players in the lending space.
Source: Crypto Insider