A court in Astana has tried the organizer of the local branch of the cryptocurrency pyramid scheme Eolus, as reported by the AFM.
According to the case materials, in 2023, the accused registered LLP “ENERGY EOLUS QAZAQSTAN” with the aim of attracting investments in renewable energy sources, allegedly located in the United States.
The agency noted that a platform, “energyeolus.info,” was created with the help of foreign hackers to simulate the movement of funds.
Funds were accepted in cryptocurrencies. In Astana, 535 people became investors.
The court ruled to confiscate cryptocurrency amounting to 408,000 USDT (equivalent to 187 million tenge) in favor of the state.
The organizer was sentenced to six years in prison with confiscation of property and barred from engaging in brokerage activities for five years.
Earlier, ForkLog reported that a court in Kazakhstan recognized P2P traders as accomplices in phone scams.