Uzbekistan Busts Billion-Soum Illegal Crypto Operation

Cybercrime officers in Uzbekistan have shut down a major illegal cryptocurrency operation in the capital, exposing a scheme that processed transactions worth hundreds of thousands of dollars.

The operation was dismantled in Tashkent’s Yashnabad district, where cybercrime officers identified a 22-year-old suspect from the Syrdarya region who had set up an underground crypto trading business, The Caspian Post reports via Uzbek media.

What makes the case striking is its simplicity: the entire operation was run from a smartphone. During…