Breaking News: Bulgarian Police Raid Nexo Headquarters Amidst Financial Crime Investigation

Troubled cryptocurrency lender Nexo is facing intense scrutiny as its offices in Sofia, Bulgaria, were raided by Bulgarian authorities on Thursday. The raid, carried out by the Prosecutor’s office, is part of an international investigation into alleged financial crimes. Over Nexo’s offices in Sofia were raided by the Bulgarian police on suspicion of illegal activities.

The allegations against Nexo are serious, including suspicion of money laundering, tax offenses, computer fraud, tax evasion, and other financial irregularities. According to the authorities, Nexo was involved in money laundering, tax evasion and fraud.

Nexo, which promised yield on all deposited bitcoin and cryptocurrencies operates primarily out of its Bulgarian offices. The raid highlights the growing pressure from regulators on cryptocurrency lenders. A group of Cryptocurrency lender Nexo’s office in Bulgaria was raided by local authorities on Thursday over suspicion of money laundering, tax offenses, computer fraud. The offices of troubled crypto lender Nexo have been raided by Bulgarian officials for alleged financial crimes including money laundering, tax evasion and fraud. This latest development further complicates the already challenging situation for Nexo and the broader cryptocurrency market.

Stay tuned for updates as this story develops.