Authorities in Kazakhstan have busted an illegal crypto trading platform, seizing over $350,000. The exchange allegedly processed almost $34 million in transactions through wallets on Binance, two of which have been blocked during the ongoing investigation.
Digital Asset Exchange Making Millions in Turnover Closed Down in Kazakhstan
A platform illegally trading cryptocurrencies in Kazakhstan, ABS Change, has been identified and shut down, the country’s Financial Monitoring Agency (FMA) announced on Telegram. Three Kazakhstani citizens have been accused of running the exchange which carried out its activities without a license since 2021.
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During an operation in the country’s capital city, law enforcement officials confiscated $342,000 and 7 million tenge (almost $16,000) in cash. The entity had another $23,000 worth of crypto assets in two wallets on
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