Report: Crypto Lender Nexo Raided in Money Laundering Probe

Bulgarian police have reportedly raided cryptocurrency lender Nexo in a money laundering and tax probe. Authorities are looking into Nexo on suspicion of money laundering, tax crimes and offenses involving unlicensed banking activities, Siyka Mileva, a spokesperson for Bulgaria’s chief prosecutors, told reporters, per a report by Bloomberg News on Thursday (Jan. 12).