Bulgaria Charges Four in Probe Into Crypto Lender Nexo
- Allegations include money laundering, tax, computer crimes
- Nexo is latest major crypto firm to run afoul of authorities
Photographer: Eva Marie Uzcategui/Bloomberg
This article is for subscribers only.
Bulgarian prosecutors have charged four people as part of an investigation into Nexo, a London-based crypto lender run by a former Bulgarian member of parliament.
The four Bulgarian nationals were charged with forming an organized crime group related to money laundering, unlicensed banking activities, tax and computer crimes, Borislav Sarafov, head of the national investigative service, said at a news conference on Friday. Police have confiscated money, computers and crypto assets of unknown value.