Coin Edition -
- Bulgaria launched a probe of crypto lender Nexo and raided its headquarters.
- Previously, Nexo offered up to 36% per year on their crypto staking.
- The company reaffirms its commitment to cooperate with authorities and regulators.
According to Bulgarian National Television (BNT), an international operation is underway in the capital city of Sofia to combat financial crimes, money laundering, and breaches of international sanctions against Russia.
Prosecutors, investigators from the National Investigation Service, and DANS officers, together with foreign agents, have begun searching the Bulgarian offices of the company that traded cryptocurrencies worldwide.
BNT noted that the company in question is Nexo, a blockchain-based lending platform. The probe into the company’s activities came live after foreign services detected suspicious transactions reportedly aimed at bypassing sanctions imposed by the European Union, the UK, and the US on Russian banks, companies, and citizens.
Notably, Nexo has been under FBI scrutiny due to a $4 billion gap of investor funds in its balance sheet, including unlawful lending in return for collateral and allegations of misappropriation of customers’ assets and commodities.
According to
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