Antoni Trenchev – Co-Founder of the cryptocurrency lending platform Nexo – said the company could sue the Bulgarian government for more than $1 billion for raiding its offices and undermining its reputation.
He also refuted the rumors that members of the entity run an organized criminal group, and commit money laundering and terrorist financing operations.
‘We Will Defend our Interests’
The clash between Nexo and the Bulgarian authorities escalated after Trenchev vowed to take the dispute to court:
“Our consultants estimate the damages at over $1 billion. We were in the process of listing on the American stock exchange, and now it has to be postponed because of the reputational damage that was done to us.” – he explained.
Antoni Trenchev, Source: DnesThe executive claimed the actions of the Bulgarian prosecutors to raid the offices in the capital Sofia were “absurd, unnecessary, and a large part of them – illegal.”
The Nexo scandal happened just a day before President Rumen Radev was about to give the third and final mandate to form an acting government. Some assumed Democratic Bulgaria (a center-right political party that pledged to cope with corruption and enforce several judiciary reforms) had the best chance of receiving the mandate.
