The Bulgarian Prosecutor's Office has closed its investigation into Nexo's suspected money laundering due to no evidence of crime.
On December 25th, according to CoinDesk, the Bulgarian Prosecutor's Office has ended the investigation into suspected money laundering by cryptocurrency lending company Nexo due to lack of evidence related to criminal activity. The investigation into Nexo, which was exposed in January 2023, also involved suspected tax violations, unlicensed banking operations, and computer fraud, mainly focusing on four executives of the company, including Kosta Kanchev, Antoni Trenchev, Kalin Metodiev, and Trayan Nikolov.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin January Slump Nothing New in ‘Post-halving Years’
XRP price targets $4 with 60% gain expected post SEC developments
Mango Markets closes after SEC settlement and legal issues
Bitcoin traders analyse recent price weakness and market sentiment