A court in Kazakhstan convicted the organizers of an illegal crypto exchange with a turnover of one billion tenge. The Financial Monitoring Agency of Kazakhstan announced that the verdict against the defendants in the case in the Kyzylorda region entered into legal force. The attackers carried out unregulated cryptocurrency transactions using the Binance P2P platform outside the legal framework of the Astana International Financial Center. The total volume of illegal transactions exceeded one billion tenge, the income amounted to 178 million tenge. It was determined that money from the drug trade was laundered through a network of drippers. The volume of such transactions reached 277 thousand. USDT. Criminal assets were converted into trucks, registered in the name of relatives. The evolution of digital assets in recent years has required countries to build strict financial control systems and suppress shadow transactions. The court sentenced the defendants to restriction of freedom for a period of two to three years. Four units of special equipment and the entire extent of the proceeds of crime were confiscated to the state.

A court in Kazakhstan convicted the organizers of an illegal crypto exchange with a turnover of one billion tenge. The Financial Monitoring Agency of Kazakhstan announced that the verdict against the defendants in the case in the Kyzylorda region entered into legal force. The attackers carried out unregulated cryptocurrency transactions using the Binance P2P platform outside the legal framework of the Astana International Financial Center. The total volume of illegal transactions exceeded one billion tenge, the income amounted to 178 million tenge. It was determined that money from the drug trade was laundered through a network of drippers. The volume of such transactions reached 277 thousand. USDT. Criminal assets were converted into trucks, registered in the name of relatives. The evolution of digital assets in recent years has required countries to build strict financial control systems and suppress shadow transactions. The court sentenced the defendants to restriction of freedom for a period of two to three years. Four units of special equipment and the entire extent of the proceeds of crime were confiscated to the state.