Nexo's Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence: Report
Summary
The Bulgarian Prosecutor's Office has concluded its investigation into crypto lender Nexo, finding no evidence of alleged money laundering, tax offenses, banking without a license, or computer fraud. The investigation, which began in January 2023, focused on four Nexo executives. The prosecutors also determined that Nexo's products do not qualify as financial instruments. Nexo co-founder Antoni Trechev stated that the dismissal of all charges confirms the investigation was politically motivated and serves to clear their names.
