Crypto lender Nexo has seen withdrawals worth more than $158 million in the last 24 hours after Bulgarian authorities raided its offices.
Nexo had 133,263 BTC (around $2.5 billion) in customer liabilities on Thursday at 2 a.m. ET and on Friday that number was 124,939 BTC ($2.37 billion) at the same time of day, reflecting withdrawals of 8,324 BTC ($158 million), according to real-time attestation provided by Nexo's auditor Armanino on its website.
Nexo co-founder Antoni Trenchev declined to comment on the withdrawal numbers when contacted by The Block, but said that "all systems are up and running and everything is being processed in real-time as always."
(By Yogita Khatri)
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