The Nexo investigation is looking into many complaints by British citizens that they have been deceived by the cryptocurrency trading platform, the Bulgarian Prosecutor General's Spokesperson Siyka Mileva wrote in a press release on Friday.
A settlement between Nexo Capital Inc., registered in the Cayman Islands in 2018, and the competent US regulatory authorities shows that persons investigated by Bulgarian law enforcers admit to their guilt in providing financial and banking services without permission, thus going around or against investor protection rules, Mileva said.
She recalled that the Bulgarian part of the investigation is against an organized crime group which has committed financial offences, including money laundering, providing unlicensed banking and financial services, computer fraud and tax crimes.
In connection with the pretrial proceedings in Bulgaria, the local enforcers asked the United States for legal assistance at the end of last year. Similar requests for legal assistance and European investigation orders are to be sent to other countries so as to collect all evidence necessary to clarify the overall factual situation, Mileva said.
Earlier in the day, Nexo gave details on the above-mentioned settlements, reportedly showing that "there have been no statements or accusations by US federal regulators that Nexo has engaged in fraud or misleading trade practices, or that Nexo customers sustained losses or were misled about the company's financial position".
/RY/
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