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 looking into Nexo for alleged tax evasion and money laundering crimes. 300 police officers storm Nexo office Police officers numbering 300, along with prosecutors and other security agents, raided the offices of crypto lending firm Nexo in Bulgaria, according to Bloomberg. The raid is in connection to suspected illegal activity by the London-based crypto lending outfit. Reports indicate that Nexo is at the center of a coordinated international investigation into suspected money laundering, tax evasion, illegal banking, cybercrime, and circumvention of sanctions against Russia. Briefing the local press in Bulgaria, Siika Mileva, the countrys chief spokesperson for the prosecutor, accused the company of engaging in illegal activity. “We can clarify that for the last five years, more than $94 billion have passed through the platform as turnover, Mileva stated, adding, ”It has also been established and evidence has been collected that a client of the platform of the platform is a person who has been officially announced as financing terrorist acts. Siika Mileva, Chief Spokesperson for Prosecutor. Nexo Co-founder Antoni Trenchev responded to the raid, telling Bloomberg that it