{"id":75255,"date":"2023-03-09T11:39:41","date_gmt":"2023-03-09T09:39:41","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75255"},"modified":"2025-09-10T10:36:08","modified_gmt":"2025-09-10T07:36:08","slug":"binance-blocks-illegal-crypto-exchange-with-34m-turnover","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-blocks-illegal-crypto-exchange-with-34m-turnover\/","title":{"rendered":"Binance blocks illegal crypto exchange with $34m turnover"},"content":{"rendered":"<p>In Kazakhstan, the operation of the illegal cryptocurrency exchange ABS Change has been halted. The local Financial Monitoring Agency <a href=\"https:\/\/t.me\/afm_rk\/1672\">reports<\/a> this.<\/p>\n<p>According to authorities, from 2021 to 2023, three citizens, circumventing the ban, conducted exchange operations outside the territory of the Astana International Financial Centre.<\/p>\n<p>During searches of the suspects, investigators seized $342,000 and 7 million tenge (about $16,000) in cash. About $23,000 in cryptocurrency were found on two wallets on the Binance exchange. After authorities&#8217; intervention, the platform blocked these funds.<\/p>\n<p>According to an initial assessment, the exchange&#8217;s total turnover on Binance amounted to nearly $34 million.<\/p>\n<p>The pre-trial investigation is ongoing.<\/p>\n<p>At the end of January, Kazakh authorities halted the operations of <a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstan-closes-five-illegal-bitcoin-exchanges\">five unregistered cryptocurrency exchanges<\/a>\u2014 KZobmen.com, 1WM.KZ, Kazobmen.ru, WM007.KZ and KZ-EXCHANGE.COM.<\/p>\n<p>Subsequently, for dealings via one of these companies a court <a href=\"https:\/\/u1f987.com\/en\/news\/kazakhstan-seizes-russian-citizens-assets-on-binance-over-dealings-with-illegal-exchange\">ordered the seizure of the assets of a Russian citizen<\/a>, including real estate and cryptocurrency on the Binance exchange.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Kazakhstan, the operation of the illegal cryptocurrency exchange ABS Change has been halted.<\/p>\n","protected":false},"author":1,"featured_media":75256,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1412,744,1257,153],"class_list":["post-75255","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bans-and-restrictions","tag-binance","tag-currency-exchanges","tag-kazakhstan"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75255","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=75255"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75255\/revisions"}],"predecessor-version":[{"id":75257,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75255\/revisions\/75257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75256"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75255"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75255"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75255"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}