Kazakhstan court sentences CVK crypto pyramid organizer to two years
- —The organizer received a two-year restriction of freedom sentence, which has entered into force
- —Participants were sold virtual stores for $12,000–49,000 in USDT
- —About 1,500 people across 14 regions of Kazakhstan were drawn into the scheme
- —474,000 USDT was confiscated to the state revenue
Why it matters: The case shows regulators continue to pursue crypto pyramids, and USDT confiscation is becoming standard practice.
Source: Bits.media