A court in Kazakhstan seized the assets of a Russian citizen, including real estate and cryptocurrency on Binance, due to transactions conducted through an illegal exchanger. This was reported by the Agency for Financial Monitoring of Kazakhstan.
As part of the criminal case against operators of five illegal cryptocurrency exchanges, law enforcement identified one of the group’s members.
According to case materials, from July 2020 to January 2023 the suspect, using KZobmen exchanges, generated illicit income totaling more than 180 million tenge (about $397,500).
The court seized assets worth 85 million tenge (approximately $187,700), including real estate and cryptocurrency on Binance.
The pretrial investigation is ongoing.
Earlier in January, Kazakhstan’s authorities halted the operations of five unregistered cryptocurrency exchanges — KZobmen.com, 1WM.KZ, Kazobmen.ru, WM007.KZ and KZ-EXCHANGE.COM. All of them operated outside the Astana International Financial Centre in breach of the prohibition.