Beleaguered crypto exchange Vauld successfully appealed to a Singapore court to extend its creditor protection after its deal with Nexo fell through. Vauld has until Feb. 28, 2023, to develop a restru...
Tag: Nexo
No political assumptions against Nexo
There is no political aspect to the investigation into cryptocurrency lender Nexo, insisted a spokeswoman for the Bulgarian prosecutor general, according to local reports. In addition, spokeswoman Sii...
Nexo Sues Cayman Island Regulator Over VASP Rejection
Cryptocurrency lending platform Nexo has filed suit against the regulator in the Cayman Islands which rejected the firm’s application for a virtual asset service provider (VASP) license. Nexo, a crypt...
Bulgarian Police Denies Any Political Motives into Latest Nexo Investigation
Prosecutor General spokesperson for Bulgarian police denied any political agenda behind the recent raids on Nexo’s office in Bulgaria. Last week, the Bulgarian police raided Nexo’s office in a probe o...
Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with selling unregistered securities through Gemini’s “Earn” ...
Nexo sues Cayman Islands financial regulator over VASP license
The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands. In a do...
Nexo Turmoil Causing Tension in Bulgarian Parliament
The scandal around the cryptocurrency lending platform Nexo has triggered a massive verbal fight between the leading political parties in Bulgaria. GERB (the party that ruled between 2009 and 2021) al...
Nexo sues Cayman Islands regulator over rejected license
Crypto lending platform Nexo is suing the Cayman Islands regulator for denying the firm a virtual asset license. Nexo, which only last week saw its office in Bulgaria raided by 300 police and ha...
where will Bitcoin’s price head next?
We’re two weeks into 2023, and the crypto news cycle shows no signs of slowing down. Heading into the new week, some of the month’s major headlines continue to develop. There’s...
Nexo investigation is not political, says Bulgarian prosecutors
Siika Mileva, a spokesperson for Bulgaria’s chief prosecutors, denied political motivations behind the probe against the crypto lending firm Nexo, according to local reports. The comments were made in...
The Importance of non-custodial solutions & the Nexo Wallet roadmap – SlateCast #47
The head of product for the Nexo wallet, Elitsa Taskova, recently sat down with Akiba, the host of the SlateCast podcast to discuss the company’s new non-custodial wallet. The timing of the release is...
Nexo Office in Bulgaria Raided in Sanctions Probe
The offices of troubled crypto lender Nexo have been raided by Bulgarian officials for alleged financial crimes including money laundering, tax evasion and fraud. Over 300 officers and regulators have...
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...
Crypto lender Nexo wants to sue Bulgaria after office raids
Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government after massive raids at the company’s offices in Sofia. Nexo has complained about the actions of the law enforcement author...
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...
Crypto Lender Nexo Spawns New Bank Run
The crypto lending industry has been hit with a major blow as Nexo, one of the leading crypto lending platforms, has seen withdrawals worth over $158 million in the last 24 hours following a raid by B...
Crypto Lender Nexo Targeted in Bulgaria Probe Into Alleged Money Laundering, Tax Violations
“There are authorities at one of Nexo’s offices in Bulgaria, which is, as you know, the most corrupt country in the EU (European Union),” a Nexo spokesperson said in an email to CoinDesk. ...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
– Advertisement – After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2...
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices – Bitcoin News
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of N...
Nexo sees withdrawals of $158 million in day after Bulgaria raid
Crypto lender Nexo has seen withdrawals worth more than $158 million in the last 24 hours after Bulgarian authorities raided its offices. Nexo had 133,263 BTC (around $2.5 billion) in customer l...
Prosecutors in Bulgaria level serious charges on Nexo
The prosecutors belonging to Bulgaria have leveled serious charges against Nexo. This entity is a centralized crypto lender also belonging to the country itself. According to them, Nexo happened to ha...
Problems for the Nexo crypto exchange
Recent trouble for the prestigious crypto exchange Nexo: the cryptocurrency lender is being investigated by Bulgarian authorities on charges of money laundering, tax offenses, unlicensed banking, and ...
What is happening at Nexo? Crypto lender’s offices raided
What is happening Nexo? Crypto lender raided Crypto lender Nexo had its offices raided in Bulgaria Thursday, in what is cryptocurrency’s latest tussle with the law. Are you looking for fast-news, hot-...
Is Nexo involved in money laundering?
Embattled exchange Nexo is going through torrid times as emerging reports say regulators have raided its offices. In the details made available by Standart, the search team comprising several prosecut...
Nexo Under Investigation In Bulgaria For Alleged ML Charges
Crypto lender Nexo has found itself in the crosshairs of a large-scale investigation as Bulgarian authorities probe into allegations of money laundering, computer fraud, tax offenses, and other crimes...
Nexo Hit by Raids Across Sofia, Company Calls Bulgaria Corrupt
According to Bulgarian media, an international police operation is currently underway against the cryptocurrency lender Nexo. More than 15 raids took place this morning in the Bulgarian capital of So...
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 lo...
SBF comments on FTX’s fate; Nexo faces criminal allegations
The biggest news in the cryptoverse for Jan. 12 saw former FTX CEO Sam Bankman-Fried comment on a possible FTX recovery and tell his side of the story. Elsewhere, Nexo has been accused of financial cr...