Crypto Platform Nexo complained that they were Not Given a Search Warrant for Hours: They will Sue Bulgaria

The crypto platform Nexo, whose offices in Sofia were raided yesterday, announced in a statement to bTV that it will sue Bulgaria. The company complained that they had not been provided with a search warrant for hours, and the inspectors had never identified themselves.

The spokesperson of the prosecutor general, Siika Mileva, clarified yesterday at a briefing that the raids are part of an operation against a large-scale scheme for financial crimes. She added that the Bulgarian authorities are working on the case together with partner services, but did not specify who they are. Organizing a crime group, money laundering, tax crimes, unlicensed banking and computer fraud are the crimes that are being investigated.

Prosecutors, investigators from the National Investigation and SANS employees together with foreign agents searched the Bulgarian offices of the company that trades in cryptocurrencies around the world. A total of 15 addresses were checked, and over 300 people from different services are working on the case.

However, according to Nexo, the operation is not international and is "local Bulgarian arbitrariness". The company adds that "this is the battle for the prize 'most shameful moment' of the Bulgarian prosecutor's office, which has been mercilessly cruel for decades, but today also ranks high in the ranking". It is for this reason that the crypto platform did not offer its services on the territory of Bulgaria, because they always expected that it was possible to come "under the bombardment of the absurd".

"We have not yet been presented with official documents that unequivocally indicate claims against Nexo. However, it is compensated...

Continue reading on: