Nexo, a cryptocurrency trading platform facing difficulties, is engaged in a legal battle with co-founder Georgi Shulev over $12 million in assets that are missing. The dispute revolves around the location of a Ledger hardware wallet that contains some of the company's cryptocurrency holdings. Since 2022, the legal dispute has been ongoing since Shulev left the company in 2019. Shulev was terminated from his role as managing partner in 2019, and the conflict between Nexo and Shulev began when he attempted to obtain compensation for his Nexo shares that were denied to him.

Nexo and former employee Antoni Shulev are involved in a legal dispute over missing cryptocurrency assets, according to court documents. Shulev claims that Nexo owes him $1 million in unpaid wages, while Nexo alleges that Shulev stole cryptocurrency from the company. The case is complicated by conflicting claims and the fact that the missing assets were stored on a Ledger hardware wallet that neither party admits to possessing. The parties are now awaiting trial.