Tag: Nexo
Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution
The United States Securities and Exchange Commission charged cryptocurrency lending firm Genesis Global Capital and crypto exchange Gemini with sellin [...]
Nexo sues Cayman Islands financial regulator over VASP license
The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypt [...]
Nexo investigation is not political, says Bulgarian prosecutors
Siika Mileva, a spokesperson for Bulgaria’s chief prosecutors, denied political motivations behind the probe against the crypto lending firm Nexo, acc [...]
Bulgarian authorities charge four individuals following raid on Nexo office: Report
Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four pe [...]
Crypto lender Nexo wants to sue Bulgaria after office raids
Troubled cryptocurrency firm Nexo is planning to sue the Bulgarian government in the aftermath of massive raids at the company’s offices in Sofia.Nexo [...]
Nexo offices reportedly raided by police in Bulgaria
Troubled cryptocurrency lender Nexo is facing more pressure from regulators as its offices have been reportedly raided as part of an international inv [...]
Nexo Subject to Investigation in Bulgaria Over Alleged Money Laundering, Tax Offenses
"There are authorities at one of Nexo’s offices in Bulgaria which is, as you know the most corrupt country in the EU," a Nexo spokesperson said in an [...]
Crypto Lender Nexo Canvasses Vauld Creditors Directly With Final Takeover Offer
"The intention of this communication was to create transparency to Vauld’s Creditors, where it has been insufficient, regarding the merits of Nexo’s a [...]
Nexo leaving US, says country lacks clear regulations
The crypto borrowing and lending platform Nexo plans to gradually cease operations in the United States “over the coming months,” according to a blog [...]
Nexo to Depart US After Regulator Discussions Hit ‘Dead End’
Nexo had already off-boarded Earn clients in New York and Vermont at those states' regulators' insistence, a blog post said. It will now suspend acces [...]
Crypto Exchanges Nexo and Gemini Receive Approval From Italian Regulator
It is mandatory for crypto firms to be approved for registration via a local legal entity with the Organismo Agenti e Mediatori (OAM), which maintains [...]
Crypto Lender Nexo Sued for Allegedly Blocking $126M Withdrawals in 2020-21: Report
Nexo is being sued by a group of investors for allegedly blocking 107 million British pounds ($126 million) worth of crypto in 2020-21, according to a [...]
Nexo dodges $219M bullet just days before FTX’s solvency crisis
According to a Nov. 8 tweet, crypto lender Nexo currently has net zero exposure to the ongoing crisis embroiling cryptocurrency exchange FTX and crypt [...]
NEXO risks 50% drop due to regulatory pressure and investor concerns
Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.Is N [...]
Nexo ‘surprised’ by state regulators’ actions, says co-founder
Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators p [...]