It is reported that the login password loan boss Nexo is about to sue the Bulgarian government to seek financial compensation for the damage caused by accidental disturbance of the police. According to the data obtained, it is reported that the investigation staff waited several hours before enjoying the search warrant, and it was reported that the inspectors did not identify themselves at any time.

Nexo will file a lawsuit against Bulgaria

In addition, the company stressed that Nexo does not offer all services to people living in Bulgaria because of possible disputes with regional governments. In addition, the company strictly enforces, it has always followed compliance regulations and banned Russia, and it has worked with well-known login password intelligence organizations such as Chainanalysis.

For additional information, please refer to:Take a look at the top ten breach loan platforms in 2023.

The company has shown that it is confident of winning the dispute, which could lead to Nexo getting compensation for the damage caused by the investigation. The report quoted it as saying:

After the Nexo makes a clear claim and appeals, Bulgaria will undoubtedly receive another record-breaking payment of hundreds of millions of dollars, but unfortunately this will be based on Bulgarian operators.

Nexo's office was raided.

Relevant staff of the Office of the Prosecutor, the Ministry of Internal Affairs and the NSA entered the office of the digital money service platform Nexo at around 10:00 yesterday morning to conduct a search, followed by gradual interrogation. The main reason for this is the investigation of all kinds of crimes, including taxes, computers and money laundering. At a briefing organized by the Office of the Prosecutor it was reported that data collected showed that a user of the website who migrated digital currency had been declared a supporter of terrorism.

Sikamileva, a spokeswoman for Bulgaria's top prosecutors, said the investigation into the company's London-based Nexo included more than 300 senior inspectors, prosecutors and NSA agents. She also mentioned that the investigation could only be carried out in Bulgaria at this stage, and as of January 12, local police officers had searched 15 Nexo-related addresses.