Crypto lender Nexo wants to sue Bulgaria after office raids
Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm. Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian Government in the aftermath of massive raids at the company’s office s in Sofia. Nexo has complained about the actions of the law enforcement authorities in response to the investigation against the firm, the Bulgarian News Agency reported on Jan. 13. The company is reportedly preparing to file a lawsuit against the authorities to seek compensation for damages caused by the abrupt police interruption. One report suggested that investigators did not provide a search warrant for hours, while inspectors had never identified themselves. Nexo believes that the raids conducted in its office s yesterday were against the law and demonstrated “total incompetence of those conducting this shameful action.” Nexo also described the actions against the firm as the “local Bulgarian arbitrariness” wh...