Is Nexo Finance behind Zeus Capital seeking to short LINK?
Is Nexo Finance behind Zeus Capital seeking to short LINK?
Community Contributor
Community Contributor
July 25, 2020
2 min
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Nexo Finance has been accused of being behind the suspicious asset management firm that sought to short Chainlink (LINK) after social media users saw Zeus Capital’s source code pointing to the Nexo website.

Many Twitter users found a connection between Zeus Capital and Nexo Capital via some ‘ethical-but-still-wrong’ hacking. Embedded within the Zeus website source code were several instances of Typeform links connected to Nexo’s website. Typeform, which lets users create forms, is also used by Nexo on its own site to let users sign up for their newsletter.

Where’s the proof?

LINK had been called ‘crypto’s wirecard’ by Zeus Capital just days before the horde of Twitter users started to connect the dots. Below is the proof of the source of the Typeform actually leading to Nexo. It was discovered by the Twitter user @ChainLinkGod.

![NEXO using Zeus captial typeform](/assets/images/nexo-typeform.webp”NEXO using Zeus captial typeform”)

A 65-page report has been released by Zeus Capital it will short LINK with a target of 99% gains. The report, however, featured no citations and no working links. Analysts believe that the report was authored maliciously, and was possibly a diversion. Cointelegraph tried to contact the offices, but the London office was unreachable and the Hong Kong office diverted to voicemail.

Nexo’s Response

The exact response of Nexo through their Telegram channel was as follows:

“Nexo had nothing to do with this and its author is trying to insinuate such a connection through false flag stuff that Nexo is somehow involved. The most probable explanation is that we are Chainlink’s most recent partnership, we have staff who are well versed on the Chainlink subject, and because our OTC desks deals in LINK.”

Nexo confirmed that the form was indeed theirs, but noted that the same link has been used by its team for different marketing purposes.

“The link is easily accessible to anyone, and may be copied. This is nothing more than a cheap attempt at Chainlink’s joint efforts and a good job with Nexo.”

Nexo also asked people to stop harassing Simeon Rusanov, head of digital asset research.

LINK has risen 370% so far this year. It is the 9th largest cryptocurrency by market cap, but critics argue that its sharp rise could be a speculative bubble and a correction may be in progress.

Response on Social Media

Twitter and Reddit bombarded Rusanov’s official channel @TheLinkMarine1 asking him questions and requesting a statement. Many Twitter users are sure that Nexo are behind Zeus Capital due to some evidence showing this. The complete lack of statements (London office unreachable, Hong Kong on voicemail) are also encouraging this theory.

What are the implications?

If a lawsuit is filed for fraud, there may be some changes in the Terms of Service for both Zeus Capital and Nexo. It’s not easy to say what might happen, but this might be the last straw that sends LINK plummeting downward, bursting the bubble and proving the critics correct.

In conclusion

The LINK community should be interested in following the outcomes of this speculation. Nexo is certainly known for its accountability. If you want to be even safer, you might want to move your LINK into the Nexo Wallet because of the heavy insurance (USD 100 million before losses to users) and earn an interest at the same time.


Community Contributor

Community Contributor

This article was created by a member of the Cryptocoin community. welcomes all members to email their factual and unbiased content. All content must adhere to our disclosure policy and marketing material will not be accepted. If you would like to contribute to, please have a look at our Markdown Template. No payment was sought or accepted for the publishing of this article.

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