300 people are involved in an investigation in bulgaria’s capital city of sofia into nexo, a platform that lets users earn interest on their idle cryptocurrencies and take out crypto-backed loans for cash. officials have evidence that at least one person who used the platform to transfer cryptocurrencies has been officially declared a financier of terrorist activities. nexo is being investigated for possible money laundering, tax offenses, computer fraud, and other crimes.
Raid of nexo’s sofia offices took place this morning, as reported by local media site bnt. bulgaria’s national security agency, local and international law enforcement, and nexo have all been contacted for comment. nexo ceo antoni trenchev confirmed the raid, and stated that the company has gone the “extra mile” to adhere to regulatory standards.
Raid on nexo’s offices was part of an investigation into financial crimes, and is linked to the most-wanted fraudster ruja ignatova, the missing founder of the ponzi scheme onecoin. regulators have adopted the “kick first, ask questions later” approach, which in corrupt countries is bordering with racketeering. official statements have yet to mention onecoin, but bulgaria is inquiring about a bulgarian entity of the group that is not customer facing.
https://decrypt.co/119006/nexo-under-investigation-bulgaria-alleged-money-laundering-tax-offenses
