Bulgarian police raid Nexo headquarters
Earlier today, the Bulgarian police stormed into the headquarters of prominent crypto lender Nexo. In Sofia, an operation is now underway to combat a massive plan including financial crimes, money laundering, and breaches of UN sanctions against Russia. Reports claim that this is the reason behind the latest raid. Prosecutors, investigators, and counterintelligence personnel are reportedly at the site, according to the local media. Additionally, police personnel is policing the buildings connected to Nexo’s owners. The investigation into the cryptocurrency company’s operations in the nation was started several months ago. Foreign services discovered suspicious transactions that were reportedly intended to get around sanctions put in place by the US, the UK, and the EU against Russian banks, businesses, and individuals. This is what prompted the raid. Nexo is currently under investigation for running a criminal organization, money laundering, tax fraud, computer f...