Nexo

Nexo Launches Free and Instant Off Chain Transfers for All Cryptos

13 Jan 23

Nexo probe uncovers possible ties to organized crime

Crypto lender Nexo has been targeted in an investigation into alleged illegal activities, with four Bulgarians charged with money laundering and fraud. Four Bulgarians charged as Nexo is investigated Prosecutors began investigating Nexo this week, conducting searches in the company’s headquarters and several other related locations in Sofia, Bulgaria. Officials say that the four charged […]

13 Jan 23

Nexo sees 10% of assets withdrawn after police raid

Nexo saw $46 million leave its addresses following a reported Bulgarian police raid on its offices over accusations of being “a large-scale scheme for financial crimes, money laundering and violations of international sanctions against Russia.” Local news outlet Novinite reported that the Bulgarian national television reported that Nexo was hit by a raid as part […]

Nexo writes open letter to Vaulds creditors presents final proposal

12 Jan 23

Crypto lender Nexo raided by law enforcement in Bulgaria

Crypto lender Nexo saw its offices in Bulgaria raided by police officers in what is reportedly part of an investigation into the cryptocurrency firm. Reports indicate that Bulgarian authorities are looking into Nexo for alleged tax evasion and money laundering crimes. 300 police officers storm Nexo office Police officers numbering 300, along with prosecutors and […]