Kept It From the State: Kostanay Man Made Billions in Crypto and Went to Prison
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The court also ordered the confiscation of his money, two cars and cryptocurrency, Orda.kz reports.
A 28-year-old resident of the Kostanay Region illegally traded cryptocurrency on Binance for four years. He was sentenced to two years in prison, and the ruling took effect on July 14, 2026.
From 2020 through 2024, he bought and sold cryptocurrency through Binance P2P without a license. He used bank accounts registered in his name and the names of relatives and other people. The proceeds were placed in bank deposits.
His illegal income exceeded 1.9 billion tenge. He placed the money in bank deposits to conceal its criminal origin,the court documents said.
Following a lawsuit filed by the prosecutor’s office, the court ordered him to pay the entire 1.9 billion tenge to the state. It also confiscated 13.4 million tenge in cash, two cars and cryptocurrency worth $7,900.
The man was also banned from cryptocurrency mining and other digital asset transactions for seven years.
Original author: Ruslan Loginov
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