Joe White spent years working for start-up companies and building savings for retirement. He thought he had finally secured his financial future. But after moving his cryptocurrency investments to Nexo, he says the value of his holdings collapsed.
The San Diego man told ABC 10News that he invested his life savings through Nexo, a cryptocurrency platform. At one point, a screenshot from his account showed a portfolio worth nearly $6 million. His case has also drawn attention because California regulators later took action against Nexo over its lending activity in the state.
