Fears of Price Hikes Fuel Bulgarian Euro Protests

Thousands of ultra-nationalist Revival party supporters in Bulgaria clashed with police while attempting to storm an EU mission building in Sofia, protesting the country’s planned euro adoption in 2026. The demonstrators, fearing economic instability and loss of sovereignty, threw projectiles and set fires, resulting in police injuries and arrests. The Bulgarian government condemned the violence, … Read more

Bitget Obtains Bulgarian Virtual Asset License in EU Expansion Move  

Bitget has acquired a Virtual Asset Service Provider (VASP) license from Bulgaria’s National Revenue Agency, advancing its European Union expansion strategy. Cryptocurrency Exchange Bitget Secures Regulatory Approval in Bulgaria According to the team’s statements shared with Bitcoin.com News, the license permits Bitget to operate a crypto exchange, trading, transfer, custody, and wallet services in Bulgaria, … Read more

Judge Urged to Jail Man Who Spent $10M Mistakenly Sent by Crypto.com

Prosecutors are urging a judge to imprison Jatinder Singh, who spent millions of dollars accidentally refunded by Crypto.com. The issue began when Singh attempted to deposit $100 into his Crypto.com account in May 2021. Due to a discrepancy between account names, the transaction was rejected, but an error by a Bulgarian employee led to a … Read more

Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid

Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money laundering. Bulgarian Woman Handed Over to US … Read more

Bulgarian Businessman Loses Half a Million Dollars to Call Center Crypto Fraud

A Bulgarian investor has lost a large amount of money to fraudsters who convinced him he was putting cash into cryptocurrency. The scam operated through a call center in what is becoming an established scheme for extracting money from victims lured with promises of quick profits on stock and crypto markets. Defrauded Bulgarian Crypto Investor … Read more

Nexo Bitcoin Withdrawals Surge Following Raid of Bulgarian Offices

After the offices of crypto lender Nexo were raided in Bulgaria, the digital currency lending platform experienced a significant amount of withdrawals starting Jan. 12, 2023. An archived snapshot of Nexo’s real-time attestation shows that the company held 133,263 bitcoin on that day. As of Jan. 13, 2023, Nexo’s attestation indicates that the company now … Read more