Cryptocurrencies

    Nexo seeks $3 billion in crypto damages from Bulgaria

    Article Image

    Crypto lending company, Nexo, is demanding $3 billion in compensation from Bulgaria.

    The loan firm states that a halted criminal investigation against it by Bulgaria severely impeded its plans to expand its operations and subsequently decreased its market value.

    The investigation, which Nexo alleges had no basis, caused significant disruption to its activities, limiting its capabilities to grow and causing a decrease in its market valuation.

    The company now seeks compensation for the damages incurred.

    Disclaimer

    Grafa is not a financial advisor. You should seek independent, legal, financial, taxation or other advice that relates to your unique circumstances. Grafa is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on the information provided directly or indirectly by use of this platform.

    Publisher
    Grafa