您现在的位置是:Nexo seeks $3 billion in damages from Bulgaria >>正文
Nexo seeks $3 billion in damages from Bulgaria
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛3272人已围观
简介Nexo says the investigations tarnished its reputation and hampered its growth.Bulgarian authorities ...
- Nexo says the investigations tarnished its reputation and hampered its growth.
- Bulgarian authorities dropped the Nexo case in December 2023, citing a lack of evidence.
In one of today’s biggest cryptocurrency news, Nexo, a leading crypto lender that is reportedly seeking $3 billion in damages from Bulgaria.
Specifically, as Reuters reported on Wednesday, Nexo AG, a Swiss arm of Nexo Capital, says last year’s aborted criminal investigation completely destroyed the company’s expansion plans, including a potential US listing.
Nexo files for arbitration with ICSID
Nexo, in a filing with the World Bank’s International Centre for Settlement of Investment Disputes (ICSID), says Bulgaria’s investigation tainted its reputation. It also wrecked shareholder value.
As CoinJournal highlightedin December 2023, the Bulgarian prosecutor’s office announced a termination of the criminal investigations against Nexo and four of its executives, citing a lack of evidence.
The prosecution’s move followed nearly a year of investigations, with police having raided Nexo’s offices in the country’s capital Sofia in January 2023. Among the allegations levelled against the crypto lender and its top executives were money laundering, computer fraud and unauthorised banking activities.
Despite the dropped case, Nexo contends the damage from the raids and allegations was immense. It filed for arbitration with the ICSID on January 18. Reuters reports that Bulgaria’s finance ministry has acknowledged receipt of an arbitration request from the ICSID.
While officials say an inter-departmental committee will review this request and propose next steps, this does not constitute an “admission as to the substance of any claims or as an acceptance of any arbitral jurisdiction.”
ICSID, based in Washington, USA, is an international arbitration institution that handles disputes between countries and international investors. Some of the countries ordered to pay significant damages to companies include Pakistan, Ecuador, and Venezuela.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/71744.html
相关文章
Solana (SOL/USD) could maintain bullishness if this happens
Nexo seeks $3 billion in damages from BulgariaSolana token has added nearly 50% of value in a weekThe gains come amid the BONK token launchSOL has...
阅读更多
Holo Chain (HOT) hits monthly high in the bullish rally
Nexo seeks $3 billion in damages from BulgariaHolo Chain (HOT)has trended strongly upwards over the last few days. The coin has managed to post ga...
阅读更多
Axie's Sky Mavis announces a $150M funding round led by Binance
Nexo seeks $3 billion in damages from BulgariaThe funds will be used to refund Axie Infinity users who lost their assets after a hacker exploited...
阅读更多
热门文章
最新文章
MicroStrategy unit takes out a $205M loan to buy more Bitcoin
Ethereum Classic eyes the $20 resistance level after its latest rally
Bitcoin in the week ahead: How $52,000 could actually happen
LUNA rallies by more than 16% today
Persian Sea Shipping Lines announces token presale
Bitcoin leads others in an unexpected downturn