Is NEXO a scam?
Asked about NEXO (NEXO), market cap rank #85.
Short answer
NEXO (NEXO) is rated B on isthiscoinascam.com. This is a moderate score — some risk signals were raised but no critical concerns.
Source: isthiscoinascam.com · Updated 2026-06-07
Red flags raised
- Team is anonymous
- No recent code commits
- Public scam allegations have been raised
- A single wallet holds over 10% of supply
- Top 10 wallets hold more than 50% of supply
- Top 10 wallets hold more than 70% of supply
Positive signals
- A Nexo-hosted whitepaper PDF is available (useful for understanding the token's intended utility).
- A third-party security audit for the Nexo token contract is referenced and indicates only low severity issues were found (per audit report snippet).
- SEC enforcement indicates Nexo took steps to resolve regulatory issues through settlements (at least for the Earn Interest Product/EIP).
Security audits
2 audits on record.
- Callisto Network Security Department — issues_resolved
- Callisto Network Security Department — unknown
Team transparency
The NEXO team is anonymous — public identities are not on record.
See the full report
Live price, contract security details, holder distribution, audit list, founder background and community ratings.
Open the full NEXO report →