Nexo

Coin

<ul class="news-points"> 
 <li>The Bulgarian Prosecutor’s Office has closed its investigation into Nexo.</li> 
 <li>According to reports, the case against Nexo was closed due to lack of evidence.</li> 
 <li>In January 2023, the prosecutor alleged that Nexo defaulted in tax-related offenses, banking without a license, and computer fraud.</li> 
</ul> 
According to reports, the Bulgarian Prosecutor’s Office has closed its investigation into Nexo, a renowned crypto lender operating in centralized finance (CeFi), over lack of evidence. Last Friday, the Bulgarian News Agency <a href="https://www.bta.bg/en/news/bulgaria/591610-prosecutor-s-office-closes-nexo-investigation-due-to-lack-of-crime" target="_blank" rel="nofollow">reported</a> that Nexo has not been found <a href="https://coinedition.com/market-analyst-suspects-money-laundering-in-ongoing-ftx-case/">guilty of money laundering</a>, tax offenses, or other criminal activities. 
The Bulgarian Prosecutor’s Office launched a probe into Nexo’s activities in January 2023, alleging that the crypto lender defaulted in tax-related offenses, banking without a license, and computer fraud. The prosecutor focused its searchlight on four Nexo executives, including Kosta Kanchev, Antoni Trenchev, Kalin Metodiev, and Trayan Nikolov. 
Nexo’s investigation followed the infamous <a href="https://coinedition.com/ftx-collapse-effect-one-time-crypto-fans-now-leaving-the-industry/">FTX collapse</a> and several other bitter stories that engulfed the crypto industry in 2022. However, aft…
The post <a href="https://coinedition.com/bulgarian-prosecutor-closes-case-against-nexo-for-lack-of-evidence/">Bulgarian Prosecutor Closes Case Against Nexo For Lack of Evidence</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bulgarian Prosecutor Closes Case Against Nexo For Lack of Evidence

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