In Bulgaria, an investigation into Nexo's $94 billion trading volume is causing a stir. Bulgarian prosecutors claim that their investigation is not politically motivated, but is aimed at revealing the truth behind the transactions. This incident is not only shocking, but also leads to in-depth thinking about transparency and compliance in financial transactions.

What secrets are hidden behind the huge figure of Nexo's trading volume of $94 billion? What exactly prompted Bulgarian prosecutors to launch this non-politically motivated investigation? Let's dig deeper into this remarkable story.

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The Bulgarian prosecutors' investigation into Nexo's $94 billion trading volume is not an impulse, but is based on strict tracking and supervision of financial compliance. In today's financial market, transparency and compliance have become increasingly important keywords. The reason why Nexo has become the focus of the investigation is probably not only because of its huge trading volume, but also because of the potential risks and violations involved.

According to historical data and research, the supervision of the financial field is becoming increasingly strict, and governments and regulators are increasing their supervision of financial transactions. The move by Bulgarian prosecutors is in response to this global trend, aiming to maintain the stability and transparency of the financial market.

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As a well-known financial institution, Nexo's transaction volume is staggering. However, behind this scale, there are often various risks, which may involve money laundering, fraud and other issues. The Bulgarian prosecutor's investigation into Nexo just reflects the high attention paid to compliance in the financial field.

In this era of information explosion, the complexity and concealment of financial transactions have brought huge challenges to regulatory work. The Bulgarian prosecutor's courage to take up this work will undoubtedly inject a shot of confidence into the healthy development of the financial market.

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Nexo's transaction volume of US$94 billion is jaw-dropping, and the economic activities and risks it carries cannot be ignored. The investigation of the Bulgarian prosecutor will undoubtedly reveal the secrets behind financial transactions and set a new example for financial supervision.

In this era full of challenges and opportunities, financial compliance has become an important issue that cannot be ignored by financial institutions. The case of Nexo will become a mirror for the financial industry, leading a new trend of more transparent and standardized financial transactions.

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In summary, the investigation of Nexo's transaction volume of US$94 billion is not just a simple review action, but also a profound reflection on financial compliance. The courage and determination of Bulgarian prosecutors will inject new vitality into the healthy development of the financial market and set a new benchmark for global financial supervision. Let us hope that this investigation can reveal more truths behind financial transactions and pave the way for the future of the financial industry.

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Coin Circle (120Btc.com) News: On the 12th of last week, the Bulgarian office of Nexo, a cryptocurrency lending platform, was suddenly raided by local prosecutors and investigators. They suspected that the platform was related to the fraud project OneCoin founded by Ruja Ignatova, a Bulgarian female fraudster known as the "Queen of Cryptocurrency", and involved assisting money laundering and financial fraud.

Bulgarian Attorney General: Investigating Nexo is not a political factor

Since Nexo officials have already stated that they have been treated unfairly at the first time, and there are rumors that Bulgaria's move is related to Nexo's funding of the local political parties Continue the Change and Democratic Bulgaria's campaigns. In this regard, Siika Mileva, spokesperson for the Bulgarian Attorney General, emphasized in a statement yesterday: The investigation into Nexo's cryptocurrency trading company has no political motives and is a malicious smear by someone with a purpose.

Mileva further added that the total amount of transactions conducted through the Nexo platform company reached $94 billion in five years. She compared the scale of the investigation of this operation with the case against Enterprise Commercial Bank (KTB) many years ago, saying that this case is an extremely serious crime that has affected the interests of citizens of various countries.

Previously, Mileva also claimed that there was evidence that at least one user of the Nexo platform had been declared a financier of illegal and terrorist activities. However, the authorities have not yet further detailed their allegations.

"The main organizer of the plan is a Bulgarian citizen, and the activities are mainly carried out in Bulgaria. Evidence has been collected that those who use the platform and transfer cryptocurrencies have been officially declared as financiers of terrorism."

Nexo counterattacks and says it will file a lawsuit

Regarding the investigation by the Bulgarian prosecutor, Nexo officials stated that the prosecutors, police officers and intelligence officers who raided the office did not identify themselves and did not provide a legal search warrant. Nexo is planning to sue the authorities and ask the police to compensate for the destruction of the office and business losses.

Nexo claims that the company has been unfairly targeted by the authorities: Unfortunately, with the recent regulatory crackdown on crypto, some regulators have recently adopted a kick-first-ask-later approach. In corrupt countries, it borders on extortion, but this too shall pass.

In addition, local reports indicate that Nexo has planned to sue Bulgarian law enforcement units and demand compensation for damages caused by the investigation.

"After Nexo sues and wins the claim, the compensation that Bulgaria has to pay will be another record-breaking hundreds of millions of dollars, but unfortunately, these compensations will be borne by Bulgarian taxpayers."

Nexo is an unexploded bomb? How big? 

According to official website data, Nexo has managed assets for more than 5 million users in more than 200 jurisdictions, with assets under management of $4 billion. At present, the investigation of Nexo by the Bulgarian authorities has not yet ended, and it is difficult to estimate its subsequent impact. So far, Nexo has not shown any signs of collapse and continues to provide transactions and support all customer withdrawals.

But to be on the safe side, users should still pay close attention to subsequent developments to prevent Nexo from following the footsteps of centralized platforms such as Celsius and FTX.