Cryptocurrency Analysis and News Portal
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
Read More
Prosecutor General spokesperson for Bulgarian police denied any political agenda behind the recent raids on Nexo’s office in Bulgaria.Last week, the Bulgarian police raided Nexo’s office in a probe over alleged tax evasion and money laundering. The news about the Nexo investigation comes within a month of its exiting the
Read More
Siika Mileva, a spokesperson for Bulgaria’s chief prosecutors, denied political motivations behind the probe against the crypto lending firm Nexo, according to local reports. The comments were made in response to claims that the investigation had a connection to the company's political donations.Almost all cases where a prosecution launches an
Read More
Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.According to a Jan. 13 report by Bloomberg, authorities charged four Bulgarian nationals with forming an organized crime group, which may have included activities related to money
Read More
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 of Jan. 13, 2023, Nexo’s attestation
Read More
Bulgarians can now invest in crypto assets through their country’s stock market. The Bulgarian Stock Exchange has recently launched eight ETNs based on two digital currencies, bitcoin and ethereum, following the example set by leading European platforms that support such products. Crypto-Based ETNs Offered to Bulgarian Investors Bulgarian Stock Exchange (BSE) has
Read More