The beleaguered digital currency company Nexo plans to sue the Bulgarian government after a large-scale raid on its corporate offices in Sofia.

The Bulgarian news agency reported on January 13th that Nexo complained about the actions taken by law enforcement agencies in the investigation of the company.

It is reported that the company is about to file a lawsuit with the government to claim the harm caused by the sudden termination of the police. Investigators did not provide a search warrant within hours, and the inspectors never identified themselves, according to a report.

Nexo felt that yesterday's raid on the company's office was illegal and showed that "those who carried out such shameful violations were completely weak and incompetent." Nexo also described the company's move as "reckless local personal behavior in Bulgaria", which is said to be aimed at "destroying and looting prosperous companies".

The company also said that because of uncertainties with local governments, Nexo would not provide all services for Bulgarian households. The company is also strictly enforced, in addition to working with major login password intelligence companies such as Chainanalysis, it also complies with compliance requirements and a ban on Russia.

The company expressed confidence in winning the lawsuit, which will provide Nexo with compensation for the damage caused by the investigation, and said: "after referring to the settlement of the claim and the success of the Nexo complaint, Bulgaria will receive another record-breaking hundreds of millions of dollars, but unfortunately, this will be based on the premise of Bulgarian operators."

Sikamileva, a spokeswoman for Bulgaria's chief prosecutor, said the investigation into Nexo involved more than 300 police officers, prosecutors and national security personnel. She also mentioned that the investigation was limited to Bulgaria at this stage, and as of January 12, local police officers had searched 15 Nexo-related addresses. Other reports indicate that a number of other national organizations also participated in the survey.

Nexo's announcement comes after news that the company had experienced large-scale capital outflows as a result of an investigation.

According to Arkham Intelligence, a cryptographic analysis service, Nexo has seen "a lot of capital outflows" since the information was revealed. Blockchain technology tracking group Cielo Finance also reported a large withdrawal from Nexo, explaining that more than $200000 (USDC) left the site on Jan. 12.

However, a spokesman for Nexo denied any abnormal capital outflows from Cointelegraph. "taking full account of the overall market situation, the outflow of capital from the platform we are seeing is normal," Nexo's example shows. The spokesman added that outflows accounted for 2 per cent of the $2.3 billion in assets under Nexo management.