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Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com
3.8.2024
Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between account names, the transaction was rejected,...
Crypto Lender Nexo Submits $3 Billion Damages Claim Against Bulgaria
26.1.2024
The cryptocurrency lending platform Nexo has submitted a $3 billion arbitration claim against the Republic of Bulgaria, following a raid on its office in 2023 and a subsequent probe by the Bulgarian Prosecutor General’s Office. Nexo alleges that these actions harmed its business prospects....
Nexo Seeks $3B in Damages from Bulgaria Over Aborted Investigation Affecting US Stock Listing
24.1.2024
Crypto lender Nexo has started a legal battle seeking $3 billion in damages from Bulgaria following an aborted criminal investigation that the company claims derailed its plans for a US stock market listing and a soccer sponsorship deal. Nexo AG, a Swiss subsidiary of Nexo Capital based in...
Crypto Lender Nexo Seeking $3B in Damages From Bulgaria
24.1.2024
Nexo has accused the country of making "wrongful and politically motivated actions...involving unjustified and oppressive criminal investigations."
Bulgarian Prosecutors Drop Charges Against Crypto Lender Nexo — ‘No Evidence of Criminal Activity’
26.12.2023
The prosecutor’s office for Sofia, the capital city of Bulgaria, has dropped criminal proceedings against crypto lender Nexo. “The team of supervising prosecutors came to the conclusion that there was no evidence of committed crimes,” the authorities stated, adding that crypto...
Nexo's Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence: Report
22.12.2023
The Bulgarian Prosecutor's Office reported to have said that it found “no evidence of criminal activity,” adding that “no evidence of tax offenses or computer fraud was found against the defendants, either.”
Bulgaria’s Oldest Soccer Club Botev Plovdiv Adds Bitcoin as a Payment Option
3.11.2023
PFC Botev Plovdiv, Bulgaria’s oldest soccer team, recently said it now accepts bitcoin payments at fan shops and catering points during matches. Fans who make payments using the top cryptocurrency anytime in the month of November are eligible for a 10% discount. Fans to Buy Tickets With...
Bulgaria’s oldest football club adopts Bitcoin and Lightning, joins Nostr
31.10.2023
Football meets finance: Bitcoin payments integration arrive at top flight Bulgarian club, Botev Plovdiv FC
Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets
23.6.2023
A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments he considers related to the case, including...
Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid
22.3.2023
Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money...
Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.
21.3.2023
OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014
Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud
6.2.2023
A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured with promises of quick profits on stock and crypto...
Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product
20.1.2023
The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements...
Authorities in Germany, Bulgaria, Serbia, Cyprus Take Down Crypto Scam Network
17.1.2023
Authorities in Germany, Bulgaria, Serbia, and Cyprus have taken down a cryptocurrency scam network in collaboration with Europol. “The suspects used advertisements on social networks to lure victims to websites covertly operated by the criminals, which offered seemingly exceptional investment...
Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
16.1.2023
While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia
Nexo investigation is not political, says Bulgarian prosecutors
15.1.2023
A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations
Bulgarian authorities charge four individuals following raid on Nexo office: Report
13.1.2023
Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach
Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices
13.1.2023
After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As...
Nexo hit by Withdrawals Tsunami After Bulgaria Raid Office to Investigate Alleged Money Laundering
13.1.2023
The major crypto lender Nexo has been hit by a tsunami of customer withdrawals after the company’s office in Bulgaria was raided by police.
The raid at Nexo’s Sofia, Bulgaria office happened on Thursday at more than 15 sites across Sofia, Reuters reported. It added that more than...
Multi-Million Euro Crypto Fraud Operation in Bulgaria, Cyprus and Serbia Busted
13.1.2023
The bust saw four call centers and 18 other places searched, with 14 people arrested in Serbia and one in Germany