Nexo in Court With a Co-Founder Over $12M in Missing Assets

Based on the courtroom judgment by the London’s Excessive Courtroom on June 27, Nexo and its co-founder Georgi Shulev are disputing the whereabouts of a Ledger {hardware} pockets containing a number of the firm’s crypto holdings. Shulev, who’s a son of Bulgaria’s former deputy prime minister Lydia Shuleva, based the corporate in 2019 along with Antoni Trenchev, who was a member of Bulgaria’s parliament, and different co-founders, Kosta Kantchev and Kalin Metodiev. Shulev left the corporate, which supplies crypto buying and selling, lending and custody companies, in 2019. The authorized dispute has been ongoing since 2022.