{"id":15799,"date":"2024-08-02T17:55:10","date_gmt":"2024-08-02T14:55:10","guid":{"rendered":"https:\/\/forklog.com\/en\/kazakhstan-recovers-500000-from-bitcoin-pyramid-scheme\/"},"modified":"2024-08-02T17:55:10","modified_gmt":"2024-08-02T14:55:10","slug":"kazakhstan-recovers-500000-from-bitcoin-pyramid-scheme","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/kazakhstan-recovers-500000-from-bitcoin-pyramid-scheme\/","title":{"rendered":"Kazakhstan Recovers $500,000 from Bitcoin Pyramid Scheme"},"content":{"rendered":"<p>Officials from Kazakhstan&#8217;s <span data-descr=\"Agency for Financial Monitoring\" class=\"old_tooltip\">AFM<\/span> <a href=\"https:\/\/t.me\/afm_rk\/2510\">tracked<\/a> down assets worth 250 million tenge (over $520,000) from the Eolus cryptocurrency pyramid scheme, which had defrauded nearly 2,500 citizens nationwide.<\/p>\n<p>The investigation into the fraudulent fund-raising scheme spanned several months. The perpetrators transferred the assets obtained from investors through numerous transit crypto wallets.<\/p>\n<p>The agency succeeded in tracing the transactions and securing the return of the funds to the country. The cryptocurrencies are now held in a special AFM account and will be reimbursed to the victims.<\/p>\n<p>In February, a court <a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstan-confiscates-408000-usdt-from-pyramid-scheme-organizer\">confiscated<\/a> 408,000 USDT from the creator of the Eolus pyramid scheme.<\/p>\n<p>The individual was sentenced to six years in prison, with confiscation of property and a five-year ban on engaging in brokerage activities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials from Kazakhstan&#8217;s AFM tracked down assets worth 250 million tenge (over $520,000) from the Eolus cryptocurrency pyramid scheme, which had defrauded nearly 2,500 citizens nationwide. The investigation into the fraudulent fund-raising scheme spanned several months. The perpetrators transferred the assets obtained from investors through numerous transit crypto wallets. The agency succeeded in tracing the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":15798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[153,1163],"class_list":["post-15799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-kazakhstan","tag-ponzi-schemes"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15799","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=15799"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/15799\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/15798"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=15799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=15799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=15799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}