Nexo's $3 billion arbitration claim against Bulgaria revolves around alleged wrongful actions, impacting its brand and business opportunities. The aftermath of investigations, challenges in the U.S., and decisions to wind down operations contribute to the complex situation. Bulgaria's response indicates a pending review of the arbitration request.
BerniceKraken faces SEC charges over regulatory breaches and fund mismanagement, intensifying the clash between crypto platforms and regulatory oversight.
Hui XinThese compliance violations are estimated to have caused a cumulative loss of around US$8.45 million from Bit Trade's customers.
AlexFTX is suing the lawyers appointed to liquidate its Bahamian entity, saying they’re waging a jurisdictional battle that will hurt customers and creditors.
TheBlockFunds are flowing out of crypto lender Nexo following news that prosecutors in Bulgaria are investigating the company for fraud.
decryptNexo said it is too difficult to comply with the “inconsistent and changing positions” of regulators in the United States.
cryptopotatoAmid the interest in Ethereum, Bitcoin is recording a sustained price correction.
FinboldA Bloomberg article was republished by its Chinese subsidiary using the title “Zhao Changpeng’s Ponzi Scheme.”
CointelegraphNexo platform could rescue Celsius' customers after “what appears to be the insolvency of the Celsius Network.”
CointelegraphCointelegraph spoke to CeFi leaders to understand where interest rates are going and what the future holds for CeFi.
Cointelegraph