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Nexo co-founder calls financial crimes allegations ‘absurd’
Jan. 12, 2023 at 1:10 pm
By Liam 'Akiba' Wright
Nexo’s co-founder and managing partner Antoni Trenchev confirmed that authorities are present at one of Nexo’s offices in Bulgaria following local reports that the Sofia office was raided in relation to “financial crimes.”
Trenchev told CryptoSlate that “Bulgaria is the most corrupt country in the EU” and called the allegations “absurd” as Nexo is “one of the most stringent entities with regards to KYC/AML.”
Trenchev said the nature of the investigation is related to a non-customer-facing part of the business. He added:
“They [authorities] are inquiring about a Bulgarian entity of the group that is not customer facing but only has operational expense related functions – payroll, customer support, back office.”
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