Nexo Hit by ‘Flood of Withdrawals’ Following Office Raid Over Money Laundering Investigation
Reported by: Mat Di Salvo Funds are flowing out of crypto lender Nexo following news that prosecutors in Bulgaria are investigating the company for fraud, according to blockchain analytics firms. Nexo is a British digital asset platform that loans out client funds and uses the proceeds to pay interest. (Disclosure: Nexo is one of Decrypt’s 22 investors.) […]