BitcoinWarrior

News and Education

Crypto lender Nexo sues Bulgaria for over $3bn

By bne IntelliNews Cryptocurrency lender Nexo said on January 24 it has filed an arbitration claim against Bulgaria worth over $3bn for damages caused by charges filed against the company, but later dismissed by a court due to lack of evidence. In January 2023, Bulgaria’s prosecution launched a probe into alleged financial violations by Nexo, raiding the company’s offices and claiming it was involved in a large-scale financial fraud scheme. Prosecutors said the accusations included money laundering, tax crimes, unlicensed bank operations and computer fraud. Nexo said the charges were political…