crypto lender plausibly violated UCL via unlawfulness and deceptiveness
43(B)log
AUGUST 25, 2022
2022 WL 3590329, No. 22, 2022) Nexo’s Crypto Credit service allows users to take out loans against cryptocurrency collateral. The false advertising parts: Jeong alleged that Nexo advertised to consumers that it does not own users’ collateral (e.g., Clients retain 100% ownership of their digital assets.
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