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The exchange has finally terminated its loan agreement with Genesis.
Mike Dalton 2 min read 
The claimants allege that Genesis breached its agreement with Gemini Earn users and engaged in the unregistered sale of securities.
Nexo suggests that its plans continue despite Vauld's insistence to the contrary.
The company intends to gain court authorization and allow users to retrieve funds.
Nexus Mutual has initiated a withdrawal process for its remaining assets — roughly 12,887 ETH — from the M11 Credit pool.
Orthogonal Trading misrepresented its financial exposure to the FTX collapse and defaulted on repaying its $31 million loan from Maple's M11 lending Pool.
Nexo stated that its "18 months of good-faith dialogue with U.S. state and federal regulators" had not yielded desired results.
