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Nexo's $3 Billion Arbitration Claim Against Bulgaria: Unveiling the Legal Battle

Nexo, a prominent crypto lending firm, has recently filed a $3 billion arbitration claim against the Republic of Bulgaria following a year-long criminal investigation into the company and its founders. In a press release on Wednesday, Nexo strongly argued that Bulgaria's investigation was unjustified and politically motivated, resulting in significant reputational damage and lost business opportunities estimated to be in the billions. The company, now cleared by the Bulgarian Prosecutor's Office, is seeking reparations for the financial harm suffered as a result of the investigation. Key Points: Nexo is one of 22 investors in Decrypt. The company had to abandon plans for a funding round with leading U.S. banks and an IPO on a major U.S. stock exchange due to the lawsuit. Nexo was finalizing a strategic alliance with a major European football club, which included the launch of a club-branded crypto payment card. Antoni Trenchev, co-founder of Nexo, emphasized that the arbi

# FTX Founder Sam Bankman Fried to Testify in Criminal Trial: A Defining Moment in the Case

FTX founder Sam Bankman Fried is set to take the stand in his criminal trial, as his defense lawyers aim to convince the jury of his innocence against seven fraud and conspiracy charges. In a teleconference on Wednesday, Bankman Fried's lead attorney, Mark Cohen of Cohen & Gresser, announced that his client will testify after the defense presents three witnesses. This development comes as federal prosecutors are expected to conclude their case, with their final witness scheduled to testify on Thursday. Despite the extensive testimony from Bankman Fried's inner circle, the former crypto mogul has maintained his silence thus far. As the trial progresses, all eyes will be on Bankman Fried as he takes the stand to present his side of the story and counter the allegations brought against him.


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