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Reports have emerged that the offices of crypto lender Nexo have been raided by Bulgarian authorities. The Switzerland-based company has been the subject of liquidity rumors for a few months now, but according to the reports, the cryptocurrency company is being investigated for something much more sinister.
There is a large-scale international operation going on in Sofia-based Russian company NEXO for alleged financial crimes like fraud, violation of international sanctions violation, and money laundering. Its offices in the capital of Bulgaria are being raided by prosecutors from the national security and DANS along with the cooperation of foreign agents.
More than 300 police officers, prosecutors and national security agents are involved in the operation, according to a Bloomberg report. The post Nexo's Bulgaria office raided by police appeared first on The Block.
Bulgarian prosecutors have launched an investigation into alleged illegal activities conducted by cryptocurrency lender Nexo, they said on Thursday, raiding more than 15 sites in the capital Sofia.
Amid official reports that the crypto lender is under investigation in Bulgaria, Nexo insisted that it has followed AML and KYC rules.
Nexo's Sofia offices were raided by authorities and “foreign agents” in relation to financial crimes, according to local media outlet Standart News. The post Nexo offices raided on allegations of financial crimes appeared first on CryptoSlate.
The Bulgarian offices of Nexo are being raided, according to local reports.
Crypto lending firm Vauld has rejected a long-standing acquisition offer from its larger competitor, Nexo, according to various reports on January 5. The post Vauld rejects final acquisition offer from Nexo appeared first on CryptoSlate.
Nexo has until the close of business today to show its good intentions by responding to Vauld's queries satisfactorily.
Nexo's bid to acquire its rival Vauld and its assets has failed for a final time, with heated words exchanged
Disturbed digital asset lender Vauld and its committee of creditors (COC) have declined rival Nexo's final acquisition proposal in concerns about its financial health difficulties. Nexo loses procurement talks On Jan.
Vauld rejected a renewed takeover proposal by crypto finance firm Nexo, citing concerns with the company's financial health. The post Nexo Solvency Needs to Be Proven as Vauld Rejects Latest Acquisition Proposal appeared first on BeInCrypto.
Shortly after The Block reported that Vauld and its committee of creditors (COC) had a rejected "final" takeover proposal from Nexo because of concerns about its financial health and others issues, Nexo responded by saying that Vauld CEO Darshan Bathija doesn't have the best interest of its creditors in mind. The post Nexo says Vauld CEO doesn't have ‘best interest' of creditors in mind appeared first on The Block.
Vauld believes that the latest acquisition proposal by its fellow lender \"would not be in the best interests\" of its creditors.
Vauld has rejected rival Nexo's 'final' acquisition proposal. The firm continues to seek answers from Nexo, particularly around its solvency. The post Vauld rejects Nexo's ‘final' acquisition proposal, questions company's solvency appeared first on The Block.
Nexo's native cryptocurrency is today's best performer, with a massive double-digit surge amid a calm market.
Nexo is reportedly still planning on finding a suitable agreement in negotiations to take over crypto lender Vauld. According to a report from Bloomberg, talks between Nexo and Vauld are currently at an impasse as Vauld's January 20 deadline to present a restructuring plan to creditors approaches.
Nexo first started its attempt to acquire Vauld back in July
Cryptocurrency company Nexo has sent an open letter to Vauld's creditors, stating that the potential deal between the two companies is not yet over. The letter, dated Monday, Dec. 26, includes Nexo's final proposal to Vauld with some amendments to its earlier proposal.
Crypto lender Nexo iterated that it was still in talks with troubled rival crypto lender Vauld about a possible acquisition of the Singapore-based company.
Swiss crypto lender Nexo recently terminated its acquisition deal with embattled Singaporean crypto lender Vauld.
Vauld says talks with Nexo for a potential acquisition have not been successful, but Nexo says negotiations aren't yet over.
Nexo says its acquisition deal with troubled lender, Vauld is still under consideration.
There is no deal (yet) in the acquisition talks between crypto lender Nexo and its rival Vauld, while the latter has less than a month to present a restructuring plan to creditors.
