Without a MICA license, Nexo is at a higher risk of doing a "Celsius, Voyager, BlockFi, and Genesis"

A quick google search of crypto lendin companies that went bust: Several major cryptocurrency lending companies collapsed during the 2022 market downturn, setting off a domino effect across the industry. The highest-profile failures include: BlockFi: Filed for Chapter 11 bankruptcy in November 2022 after the collapse of FTX, which had previously extended a credit line to keep the lender afloat. Celsius Network: Filed for bankruptcy in July 2022 due to a massive liquidity crisis triggered by fall

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