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


FILE PHOTO Representations of a cryptorurrency are seen in front of Nexo logo in this illustration taken January 13 2023. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Representations of a cryptorurrency are seen in front of Nexo logo in this illustration taken, January 13, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - 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).

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