Warning: To anyone with funds in Nexo, their exchange took half my tokens

lending out your Bitcoin is extremely dangerous and falls under one of these 3 categories:

1. They lend out your BTC for X months to risky clients and at best you have tax complications and privacy problems and at worst might lose everything. Most of these lending platforms are likely fractional

2. They are are ponzi scheme , create a sketchy ICO from nothing , steal your BTC and replace it for this ICO token to "stake" and earn interest where they can pay older investors with new victims . They need a constant supply of new investors or "stakers" in their scamcoin to keep the whole scheme going or everything falls apart

3. They are a straight up scam and will just steal your money

These "lending" and staking platforms are far more dangerous as well during bear markets or quick corrections. Their fractional nature can make them insolvent very quickly.

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