Tag: NEXO

Key Points: On Friday, investigators working into crypto lender Nexo announced that four Bulgarian people had been charged with participating in an organized crime gang for money laundering, tax and…

Bulgarian police have raided Nexo’s premises on accusations of laundering money, tax evasion, conducting unlicensed banking activities, and computer fraud related to organized crime.

Crypto lender Nexo says Bulgaria’s investigation is “politically motivated” but will not confirm if the arrests involved company employees.

Crypto lender Nexo has been targeted in an investigation into alleged illegal activities, with four Bulgarians charged with money laundering and fraud.

Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.

Authorities in Bulgaria are probing crypto lender Nexo on the accusation of laundering money

Crypto lender Nexo has found itself in the crosshairs of a large-scale investigation as Bulgarian authorities probe into allegations of money laundering, computer fraud, tax offenses, and other crimes. According…

Nexo, which emerged unscathed from crypto contagion that forced competitors into bankruptcies, defended its record and called Bulgaria “corrupt.”

The Bulgarian police has raided Nexo’s office on charges of “organized crime, money laundering, tax evasion, banking activity without a license, and computer fraud”.