Crypto lender nexo is being investigated on allegations related to anti-money laundering and terror financing. JamieCrawleyCD reports.
Crypto lender Nexo is being investigated by authorities in Bulgaria on suspicion of money laundering, tax offenses, banking without a license and computer fraud.
The Bulgarian Prosecutor's Office is conducting an investigation in Sofia to"neutralize the criminal activity" of Nexo, according to an automated translation of"The main organizers of the scheme are Bulgarian citizens, and the activity was carried out mainly from the territory of Bulgaria," Attorney General Siika Mileva said in the statement.
In a thread on Twitter, Nexo said it is cooperating with relevant authorities and regulators. It said it had stringent anti-money laundering and know-your-customer policies and"There are authorities at one of Nexo’s offices in Bulgaria which is, as you know, the most corrupt country in the EU," a Nexo spokesperson said in an email to CoinDesk.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Binance.US Cleared to Buy Crypto Lender Voyager Out of Bankruptcy: ReutersThe exchange agreed in December to purchase the company after Voyager's deal with Sam Bankman-Fried's FTX fizzled.
Read more »
Uphold exchange denies owing millions to failed crypto lender CredUphold claims that it was not at fault for promoting the now-failed CredEarn product it jointly created with bankrupt crypto lender Cred.
Read more »
BlockFi Creditors Battle to Keep Their Details SecretCreditors for BlockFi are hoping their personal details won't be published as part of bankruptcy proceedings - echoing fears from previous cases such as Celsius and FTX. jackschickler reports.
Read more »
Your guide to crypto in Toronto: Crypto City – Cointelegraph MagazineEthereum and its co-founder, Vitalik Buterin, will forever be linked to Toronto. But before that, Bitcoin was already the talk of the town. (Via CointelegraphZN)
Read more »
Shiba Inu (SHIB) Now Largest Crypto Holding on Indian Crypto Exchange WazirXShiba Inu makes up biggest chunk of reserves on Indian Crypto exchange WazirX Shiba ShibArmy SHIBCommunity SHIB $SHIB ProofOfReserves
Read more »
Real Crypto Adoption Needs Real Crypto Infrastructure (These 7 Upgrades, for Starters)What building blocks does crypto need for true mass adoption? jeffwilser speaks with gladstein Kgothatso Ngako Machankura8333 ryan_servatius AndrewDARMACAP pbrody jbs juchenek amandacassatt apruden08 and others.
Read more »