Bulgaria Closes Investigation Against Nexo

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The Bulgarian prosecutor’s office has closed the case against Nexo, a crypto-lending platform, citing a lack of evidence.

Despite a January raid prompted by allegations of money laundering, tax violations, fraud, and unlicensed banking services, no evidence of criminal activity was discovered during the investigation.

Nexo had previously experienced a significant outflow of client funds amid the legal scrutiny and had announced plans to sue the government for compensation.

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