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The Bulgarian Prosecutor's Office has closed its investigation into Nexo's suspected money laundering due to no evidence of crime.

The Bulgarian Prosecutor's Office has closed its investigation into Nexo's suspected money laundering due to no evidence of crime.

Cointime2023/12/26 00:28
By: Cointime
NEXO-0.08%

On December 25th, according to CoinDesk, the Bulgarian Prosecutor's Office has ended the investigation into suspected money laundering by cryptocurrency lending company Nexo due to lack of evidence related to criminal activity. The investigation into Nexo, which was exposed in January 2023, also involved suspected tax violations, unlicensed banking operations, and computer fraud, mainly focusing on four executives of the company, including Kosta Kanchev, Antoni Trenchev, Kalin Metodiev, and Trayan Nikolov.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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