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Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com

[Aug 3 1:05 AM] Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between…

Crypto Lender Nexo Seeking $3B in Damages From Bulgaria

[Jan 24 5:32 AM] Nexo has accused the country of making "wrongful and politically motivated actions...involving unjustified and oppressive criminal investigations."

Nexo's Money Laundering Investigation in Bulgaria Closed Due to Lack of Evidence: Report

[Dec 22, 2023 2:22 PM] The Bulgarian Prosecutor's Office reported to have said that it found “no evidence of criminal activity,” adding that “no evidence of tax offenses or computer fraud was found against the defendants, either.”

Bulgaria’s oldest football club adopts Bitcoin and Lightning, joins Nostr

[Oct 31, 2023 4:08 AM] Football meets finance: Bitcoin payments integration arrives at top-flight Bulgarian club, Botev Plovdiv FC.

Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets

[Jun 23, 2023 5:30 AM] A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments…

Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid

[Mar 22, 2023 7:00 AM] Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison…

Bulgarian Woman Charged in $4B Crypto Fraud Case, Extradited to U.S.

[Mar 21, 2023 10:48 AM] OneCoin's victims were allegedly defrauded of over $4 billion in the scheme, which began operations in 2014.

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

[Feb 6, 2023 4:00 AM] A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured…

Law Decoded, Jan. 9-16: Gemini, Bithumb, Nexo are fresh targets for regulation and prosecution

[Jan 16, 2023 2:15 PM] While the FTX saga continues to make headlines, last week brought a plethora of new troubles for crypto companies in the United States, Europe and Asia.

Nexo investigation is not political, says Bulgarian prosecutors

[Jan 15, 2023 12:15 PM] A spokesperson for Bulgaria’s chief prosecutors denied claims that the investigation was prompted by the company's political donations.

Bulgarian authorities charge four individuals following raid on Nexo office: Report

[Jan 13, 2023 2:30 PM] Following the Jan. 12 raid on its Sofia offices, Nexo described prosecutors’ actions as a “kick first, ask questions later” approach.

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

[Jan 13, 2023 11:30 AM] After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that…

Crypto lender Nexo wants to sue Bulgaria after office raids

[Jan 13, 2023 6:15 AM] Nexo has denied reports that the firm has experienced massive outflows amid office raids and an ongoing investigation against the firm.

Nexo offices reportedly raided by police in Bulgaria

[Jan 12, 2023 6:23 AM] The investigators have alleged that Nexo is involved in money laundering and violating global financial sanctions against Russia.