Crypto lending platform Nexo has recorded a significant outflow of client funds after it become known that the Bulgarian authorities have visited the company’s office in the country as part of an investigation into potential violations of the AML policy.
According to media reports, more than 300 people are involved in the operation of the Bulgarian prosecutor’s office:
“Active investigative actions are being carried out in the capital to neutralize the illegal criminal activities of the Nexo crypto bank.”
Siika Milevov, press secretary of the department, has said that the searches are related to checking information on allegations of organized crime using the platform, money laundering, tax violations, fraud and providing banking services without a license.
