Digital assets company Nexo is suing Bulgaria for more than USD 3 billion. The claim has been submitted at the Secretariat of the International Centre for Settlement of Investment Disputes (ICSID) at the World Bank in Washington, in accordance with international investment protection treaties.
According to the company, the allegations have proven to be unfounded and the pre-trial proceedings have found their logical end due to the absence of any criminal wrongdoing.
Sofia City Prosecutor's Office terminated the criminal proceedings against Nexo executives Kosta Kanchev, Antoni Trenchev, Kalin Metodiev and Trayan Nikolov at the end of December 2023.
Bulgaria's Prosecutor's Office closes the investigation into "Nexo" crypto currency platform
Nexo intends to donate up to 20% of the compensation it receives to the most needy and neglected sectors in the country - children's healthcare and education. The main priority will be to support the construction of much needed children's hospitals and wards in Bulgaria, as well as various initiatives to enhance the competitiveness of Sofia University “St Kliment Ohridski” on the global educational scene.
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