Crypto lending platform Nexo has been sued in London’s High Court by three investors who claim that Nexo prevented them from withdrawing more than £107 million (about $126 million) worth of cryptocurrencies.

Nexo responded by calling the move "opportunistic" because the incidents occurred between 2020 and March 2021, but the three investors chose to file legal action in October this year. Nexo said: "All transactions, including the sale of its Nexo Token, were fair transactions, which were clearly recorded and accepted by the claimants." (CityAM)