The tribulations of the co-founders of the NEXO cryptocurrency exchange never end and one wonders how it will all end. Badly probably. Antoni Trenchev, currently on the run, gave a TV interview in which he says he wants to sue the Bulgarian state. Georgi Shulev, meanwhile, pulls out of his hat an email dating from 2020 denouncing fraud, market manipulation and the omnipotence of Konsta Kantchev, also on the run.
Popcorn is probably not the best for your health, but it will go very well to follow the Nexo saga whose twists and turns make us relive the best episodes of Dallas or Power. Betrayal, fraud and supposed corruption on the menu.
Two of the co-founders of Nexo on the run
It now seems established that the two fugitive co-founders are Antoni Trenchev and Kosta Kantchev. They would be in Dubai now. Despite everything, the exchange continues to function and the spokesperson of NEXO expresses himself on the social networks by arguing that all that is only FUD. The Twitter account publishes the news as if nothing in particular was happening.
Everything is fine: Antoni Trenchev wants to sue the Bulgarian state
Most impressively, despite a hefty fine from the SEC, a search warrant, and revelations from Georgi Shulev, it looks like all is well. Trenchev, interviewed by Bulgarian television, even wants to attack the Bulgarian state and ask for 1 billion dollars in compensation. We remain stunned by so much zenitude. Of course Antoni Trenchev did not want to reveal his whereabouts.
The revelations of Georgi Shulev
Georgi Shulev was one of the co-founders of the exchange. In 2019, he was “thanked” by the team. A lawsuit ensued between NEXO and him regarding the ownership of certain wallets. Shulev has just unveiled a email from 2020 exchanged with Zeus Capital in which he denounces fraud, market manipulation and his eviction from the NEXO group by Kosta Kantchev, of whom he paints an unflattering portrait. Here again, the NEXO spokesperson comes to reassure by speaking of the simple resentment of a disgruntled employee.
We eagerly await the outcome of this case. If the business seems to continue normally for NEXO, we can not say that it is dead calm behind the scenes. The war being open between the co-founders of NEXO, we can expect other revelations in the weeks to come. Will NEXO be the next on the long list to leave its customers behind?
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