Bulgarian law enforcement raids offices of cryptocurrency firm Nexo \ stacker news ~bitcoin

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Bulgarian law enforcement raids offices of cryptocurrency firm Nexo sofiaglobe.com/2023/01/12/bulgarian-law-enforcement-raids-offices-of-cryptocurrency-firm-nexo/

42 sats \ 5 comments \ @botsforcash 12 Jan 2023 bitcoin

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0 sats \ 2 replies \ @cryptocoin 12 Jan 2023

See also another post, found here on SN, with an article on this from Decrypt:

Nexo Under Investigation in Bulgaria for Alleged Money Laundering, Tax Offenses #121271 https://decrypt.co/119006/nexo-under-investigation-bulgaria-alleged-money-laundering-tax-offenses

Here are some additional articles on this:

Police Operation against Cryptocurrency Company NEXO in Bulgaria’s Capital (UPDATED) https://m.novinite.com/view_news.php?id=218388

Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations https://www.coindesk.com/business/2023/01/12/nexo-subject-to-investigation-in-bulgaria-over-alleged-money-laundering-tax-offenses [Archive]

0 sats \ 0 replies \ @cryptocoin 12 Jan 2023

See also another post, found here on SN, with a first-hand account related to this Nexo topic:

Bulgarian law enforcement raids offices of cryptocurrency firm Nexo #121376

0 sats \ 0 replies \ @cryptocoin 12 Jan 2023

Nexo is Rekto https://dirtybubblemedia.substack.com/p/nexo-is-rekto

Bulgaria launches probe of crypto lender Nexo, raids sites https://www.reuters.com/business/finance/bulgaria-launches-probe-crypto-lender-nexo-raids-sites-2023-01-12/

0 sats \ 0 replies \ @cryptocoin 12 Jan 2023

Here's the Tweet from Nexo that kicked off a Twitter thread where they claim things are fine.

Over the years, we have turned down a lot of business because Nexo never makes compromises with regard to our very stringent anti-money laundering and know-your-customer policies. But we have always known that this is how you build a sustainable business. 1/

https://twitter.com/Nexo/status/1613477462243147776 [Nitter]

10 sats \ 0 replies \ @cryptocoin 12 Jan 2023

There have been plenty of warnings to avoid Nexo!

🧵 Is Nexo Next? Otteroooo does a deep dive! #38828 https://twitter.com/otteroooo/status/1540862675306967042 [Nitter]

Is Nexo going to be the next surprise collapse ? #101161