BitcoinWarrior

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Crypto Lender Nexo Sues Bulgaria For $3B Over ‘Politically Motivated’ Investigation, Office Raid

Crypto lender Nexo AG on Wednesday said it filed a lawsuit against the Republic of Bulgaria for more than $3 billion for “wrongful and politically motivated actions” against its employees. The lawsuit, filed at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, D.C., is led by the U.S. law firm Pillsbury Winthrop Shaw Pittman. In a press release shared with Benzinga, Nexo said these actions include criminal investigations against Nexo and its executives, which the company claimed were oppressive and unjustified. Bulgarian prosecutors raided the offices of Nex…