Skip to content

Bulgaria’s Nexo Crypto Platform Investigation Closed: No Evidence of Crimes Found

After an extensive and meticulous investigation, Bulgaria’s Prosecutor’s Office announced the closure of the high-profile inquiry into the cryptocurrency firm Nexo. The decision, arrived at on December 22, stemmed from the absence of compelling evidence substantiating allegations of money laundering, tax infractions, or illicit financial services provision without proper authorization. The investigation, which spanned a considerable period, initially involved four individuals—Kosta Kanchev, Antoni Trenchev, Kalin Metodiev, and Trayan Nikolov—who were implicated in purportedly orchestrating an organized criminal group from 2018 through January 2023….