Kazakhstan Dismantles Crypto Exchange Tied to $224M Laundering Scheme
Kazakh authorities have shut down a cryptocurrency exchange allegedly involved in a massive $224 million money laundering operation.
The crackdown is part of a broader enforcement push aiming to clamp down on illicit finance in the crypto sector. Officials say the dismantled platform was used to funnel proceeds from organized crime through crypto transactions. Taking advantage of weak regulatory controls. Investigations are ongoing, and state agencies are pursuing those responsible for hiding and integrating the illicit funds into legitimate financial channels.
Clever Robot News Desk 30th September 2025
