Prosecutors in Bulgaria Level Serious Charges on Nexo
The prosecutors belonging to Bulgaria have leveled serious charges against Nexo. This entity is a centralized crypto lender also belonging to the country itself. According to them, Nexo happened to have been in connection with a client of theirs who was financing terrorist-related activities. All this information was passed on through a localized news report.
Nexo Sees Withdrawals of $158 Million in Day After Bulgaria Raid
Crypto lender Nexo has seen withdrawals worth more than $158 million in the last 24 hours after Bulgarian authorities raided its offices.
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-Linked Addresses See Outflows of Nearly $9M Amid Rising FUD
On-chain data shows that addresses related to crypto lender Nexo are recording outflows following news of financial crimes investigations by the Bulgarian government.
NEXO Bulgarian Offices Reportedly Raided by Authorities
The Bulgarian offices of the popular cryptocurrency lending platform Nexo are being raided by authorities, according to major local media.
Crypto Lender Vauld Seeks to End Nexo's Purchase Agreement After Rejecting Revised Offer
Cryptocurrency lender Vauld rejected Nexo's revised acquisition proposal and is seeking to terminate the negotiation between the two firms, saying the deal "would not be in the best interests" of its creditors.
Nexo Writes Open Letter to Vauld’s Creditors, Presents Final Proposal
Shortly after Vauld founder and CEO Darshan Bathija sent an email to the firm's creditors yesterday saying that the potential Nexo deal has been called off, Nexo sent an open letter to Vauld's creditors that it is not over yet.
Troubled Crypto Lender Vauld Calls off Potential Acquisition Deal With Nexo
Beleaguered Singapore-based cryptocurrency lender Vauld has called off a potential buy-out deal with rival firm Nexo five months after the arrangement was set in motion.
Vauld Approaches Restructuring Deadline, No Progress With Nexo
Earlier this year in July 2022, Singapore-based crypto lender Vauld suspended withdrawals halting all trading activity on its platform. Since then Vauld has been working on its restructuring, the deadline for which shall be coming soon on January 20. Vauld was in discussion with crypto lender Nexo, however, they haven’t come to fruition, said Vauld in an email to all the creditors on Monday, December 26. In their latest email, Vauld said that they have been facing “challenges” during the recent months of talk. The crypto lender also said it faces issues of “defamation” and “the spread of misinformation on social media”. (coingape)
Nexo Terminates Potential Deal With Troubled Crypto Lender Vauld
Crypto lender Nexo, which was in talks with rival crypto lender Vauld to potentially acquire it, has terminated the discussions.
