Police in Tashkent have shut down a large illegal cryptocurrency trading scheme and detained a 29-year-old man suspected of running unlicensed P2P operations. According to the Interior Ministry, he used a mobile phone and a network of front persons to carry out crypto deals outside the legal framework. Reports Podrobno.uz.
Investigators say that since 2024, the suspect completed 584 transactions on cryptocurrency exchanges. The total turnover of the operation reached 1 million USDT, which is worth more than 13 billion soums. Officials said two other people were also involved in the scheme. They allegedly opened bank cards in their own names and in the names of acquaintances, then handed them over so the main suspect could withdraw money.
The case became more serious after investigators found that so-called dirty money had moved through the suspect’s wallet. Authorities say some of those funds were stolen from other citizens, which led to a criminal case on fraud charges in addition to charges related to the illegal circulation of crypto assets.
Law enforcement officials added that the detained man had previously faced similar accusations but continued the activity. Earlier, another illegal crypto case in the capital involved two men accused of running operations worth 793,000 dollars. During searches, officers seized equipment and more than 200 bank cards.
Read “Zamin” on Telegram!
