Authorities said they found no evidence Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev committed money laundering, tax crimes, or computer fraud.
The Prosecutor’s Office of the Republic of Bulgaria has halted criminal proceedings against four individuals connected to cryptocurrency lender Nexo.
In a Dec. 22 notice, the prosecutor’s office concluded that “there was no evidence of committed crimes” by four Bulgarian nationals charged following a raid of Nexo’s offices in January. Authorities said there was no evidence of money laundering, tax crimes, or computer fraud that would constitute an organized crime group.
The individuals charged initially following the Nexo raid were identified as Kosta Kanchev, Antoni Trenchev, Trayan Nikolov and Kalin Metodiev. Prosecutors alleged in January that the Nexo executives participated in an organized criminal group from 2018 to 2023 aimed at profiting from crypto lending but said in its Dec. 22 announcement that Bulgaria lacked a legal regime covering crypto assets.
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Source: https://cointelegraph.com/news/bulgaria-prosecutors-drop-case-nexo