1 year ago
Nexo’s co-founder and managing spouse Antoni Trenchev confirmed that authorities are contiguous astatine 1 of Nexo’s offices successful Bulgaria pursuing section reports that the Sofia bureau was raided successful narration to “financial crimes.”
Trenchev told CryptoSlate that “Bulgaria is the astir corrupt state successful the EU” and called the allegations “absurd” as Nexo is “one of the astir stringent entities with regards to KYC/AML.”
Trenchev said the quality of the probe is related to a non-customer-facing portion of the business. He added:
“They [authorities] are inquiring astir a Bulgarian entity of the radical that is not lawsuit facing but lone has operational disbursal related functions – payroll, lawsuit support, backmost office.”
Meanwhile, a Nexo spokesperson said the probe and raid were politically motivated and linked to the Ukraine-Russia war.
The spokesperson said:
“Since the onset of the warfare successful Ukraine we person helped rise millions for the victims determination and restricted clients from Russia and sanctioned regions.”
They added that the speech was facing backlash for its pro-Ukraine stance successful a state wherever sentiment connected the substance is highly divided.
The uncertainty astir the concern coincides with a autumn successful the terms of Nexo’s autochthonal token NEXO — which is down 5% connected the time arsenic of property time.
Community concerns
Trenchev antecedently told CryptoSlate during an interrogation that Nexo had “acquired licenses that were not required to enactment up of the regulatory game.”
However, Nexo has been a continued target of disapproval from the crypto assemblage successful narration to imaginable insolvency. However, truthful acold the speech has not shown immoderate signs of illness and continues to commercialized and enactment withdrawals for each customers arsenic of property time.
The station Nexo co-founder calls fiscal crimes allegations ‘absurd’ appeared archetypal connected CryptoSlate.
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