The Department of the Financial Monitoring Agency of Kazakhstan began a pre-trial investigation into a financial pyramid scheme.
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According to the agency, Bincloud operated under the pretense of renting mining equipment. The organizers attracted investors through WhatsApp and Telegram.
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«According to the Bincloud program, individuals acquire the lease of virtual mining equipment for a set amount, from which they receive a daily investment income of 5-6% of the invested amount,» the agency said.
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However, when withdrawals of funds were made by clients of the project, 16% of the total amount was withheld, the agency stressed.
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Earlier in March, Kazakh law enforcement authorities identified a mining farm at a railway station.
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