View full page at cryptocraft.com

 

Crypto lender Nexo seeks $3 billion in damages from Bulgaria over aborted investigation

From channelnewsasia.com

Cryptocurrency lender Nexo is seeking $3 billion in damages from Bulgaria over an aborted criminal investigation that the company alleges scuppered its plans for a U.S. stock market listing and a soccer sponsorship deal, legal filings seen by Reuters show. Nexo AG, a Swiss unit of Cayman Islands-based Nexo Capital, alleges the investigation tarnished its reputation and destroyed shareholder value, according to a document filed with the World Bank's International Centre for Settlement of Investment Disputes (ICSID). The Washington-based ICSID, an international arbitration institution that handles disputes between ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis