Kazakhstan Shuts Down $350 Crypto Ponzi Scheme Masquerading as Video Streaming Platform

BTCC / BTCC Square / Global Cryptocurrency /

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2026-04-08 04:41:02

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Kazakh financial regulators have dismantled a sophisticated pyramid scheme that lured investors with promises of 5-10% daily returns from watching short videos. The operation, branded as 'NBC TV,' used polished websites and WhatsApp groups to appear legitimate while operating as a classic Ponzi structure.

Authorities seized 1 million USDT from the operation, which required investments between $25-$350. The scheme employed multi-level referral bonuses and hired social media influencers to amplify its reach. This crackdown highlights growing regulatory scrutiny of crypto-based financial fraud in Central Asia.

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