Tags: Bulgaria

Football meets finance: Bitcoin payments integration arrives at top-flight Bulgarian club, Botev Plovdiv FC.

OneCoin‘s victims were defrauded of over $4 billion in the alleged scheme, which began operations in 2014.

Evidence found that Australians were one of the top countries targeted in a sophisticated cryptocurrency investment scam network, which has suspected kingpins in Israel.

While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company‘s political donations.

Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.

The bust saw four call centers and 18 other places searched, with 14 people arrested in Serbia and one in Germany

Nexo platform has reportedly experienced massive outflows amid the news on office raids and an ongoing investigation against the firm.

Authorities say they have evidence that a Nexo user has been officially declared a terrorist financer.

The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.