Nexo is one of the many global companies and platforms that trade in cryptocurrency.

It's not an exchange.

The platform began operations in 2018.

"Nexo" makes it possible for them to credit or give interest if you provide your cryptoassets".

Cybersecurity expert Lubomir Tulev said this in the "120 Minutes" show.

"You register an account on the platform.

An online wallet is loaded with an amount in dollars, levs, euros.

Here is one of the concerns that the prosecutor's office claims is circumventing EU sanctions - the Nexo platform accepts deposits in Russian rubles.

This is one of the prosecution's claims that in this way, if a Russian citizen with Russian rubles decided to fund his account, he could circumvent these sanctions.

It's an exchange platform," he pointed out.

Mirchev: The scandal with the terrorist and Nexo were orchestrated

Tulev explained that one way to acquire cryptocurrency is to buy it from an exchange.

"Nexo" makes it possible once you have purchased Bitcoin and instead of using it for your own purposes, you can lend it to the needs of the platform, for which you receive interest.

Claimed up to 36%.

This way you can increase your capital," he added.

The expert emphasized that this process is not regulated by anyone and explained that legislation is currently being prepared at the European level to be implemented in the national legislation.

"Let's not forget that Nexo employs 600 employees.

They, unlike Ruzha Ignatova, have collateral for their coin.

Something that is in total contrast to what is alleged about scams and pyramid schemes - the value of "Nexo" has not collapsed in these days, in which the investigation is ongoing.

The site is available, you can register.

"Nexo" is growing even now," comments Lubomir Tulev.

“To me, that means the coin is stable, it's tied to the real compensation of the company.

With Ruzha Ignatova, "One coin" is the classic "Ponzi" scheme - you sell something that has no collateral.

"Nexo" has a platform, it has the security of the "Nexo Token" coin, backed by the value of the company," he added.

Ivanov: After Nexo, the possibility of realizing the third mandate has significantly decreased

Tulev recalled that both the United States and Great Britain are involved in the investigation.

Nexo is a legitimate platform.

The regret is that it behaved like a bank without having a license - it granted and gave loans.

This is her fault, she did not register under this law," the cyber security expert added.