Authorities have dismantled a group involved in illegal cryptocurrency operations totaling 104 billion soums

Tashkent, Uzbekistan (UzDaily.com) — Law enforcement officers in the Navoi region have uncovered an organized group engaged in illegal cryptocurrency operations. According to the Cybersecurity Center under the Ministry of Internal Affairs, the total value of transactions conducted through online exchange platforms created by the perpetrators exceeded 104 billion soums.

The authorities reported that four men, aged 34, 31, 26, and 25, have been detained. The group operated on social media under the names “1payment” and “P2P Trade,” offering cryptocurrency exchange services. To carry out illegal transactions, they actively used bank cards registered under the names of fictitious individuals.

During searches, law enforcement seized 68 bank cards, 12 mobile phones, 8 SIM cards from various operators, and 2 personal computers.

Investigative measures are currently underway to examine the full scope of the group’s activities, including potential involvement in other criminal offenses.