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Hey there. Welcome to The Hash here on CoinDest TV. I'm Zach Seward, joined today by Will

Foxley, Jensenassie, and Adam Levine. Good stuff, good squad. We're glad to be here.

All right. We've got plenty to get to today. Starting with another

crypto lender in some hot water. Will, take it away. That's right, Zach. And it's not because of

a lending scheme or anything of that sort at this moment. It's actually because of AML, KOC laws over in

Bulgaria. Questions around NXO finances compliance with with KOC laws. According to new reports,

especially on Facebook is what we're seeing actually. There's a Bulgarian government is looking into

the KOSC compliance of nexO finance, a pretty large lending provider out there saying that there

might even be some terrorist activity or terrorist linked organizations on top of NXO finance. This comes, of course, after a lot of these bigger

lenders, a collapse during the last year. We can actually throw up the graphic right here in a second.

We see that NXO has a pretty complex scheme in terms of how it gets a lot of its rewards and

yield for people who are using the application.

And that has led to a lot of people thinking, well, maybe they're the next crypto company to falter.

We see Celsius has collapsed. It's pretty complex. So a lot of people have been looking at them

saying, like, hey, maybe these are the next guys to falter. Maybe this is the next Celsius,

the next Voyager.

But we're seeing in this story that's a little bit different.

Actually, there's more than just risks on the lending side.

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