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In Kazakhstan, $1 million in USDT stablecoins has been seized in connection with the NBC TV pyramid scheme case., 2026/04/08 10:15:14
The Financial Monitoring Agency of Kazakhstan (FMA) announced the seizure of 1,057,599 USDT stablecoins (approximately $1 million) as part of a criminal investigation into the NBC TV pyramid scheme.
According to the agency, a suspect has been identified during the investigation, who launched an online project resembling a financial pyramid in 2025. Participants were recruited through a website and the WhatsApp messenger, with over 200 individuals involved in thematic chats.
Users were promised earnings for watching short video clips, mainly movie trailers. To participate, they were required to purchase “investment packages” ranging from 11,000 to 160,000 tenge. The claimed returns were between 5% and 10% per day (over 150% monthly).
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The investigation revealed that payouts were made using funds from new participants. Additionally, a multi-level referral program was in place, promising payments of up to 10% from the investments of referred users, along with bonuses for second and third levels.
To create the appearance of legitimate operations, the organizers promoted the project on social media and messaging platforms, published counterfeit documents, and showcased fictitious earnings. Bloggers participated in the promotion, and interactions with investors were conducted through managed chats.
Funds were accepted into personal bank accounts, subsequently converted into cryptocurrency via P2P transactions, and transferred to private crypto wallets.
A preventive measure of a travel ban and proper conduct was imposed on the suspect. The criminal case has been forwarded to the court, as reported by the FMA.
Previously, FMA Chairman Zhanat Elimanov stated that in the past year, 22 illegal cryptocurrency exchange offices were shut down in Kazakhstan. Additionally, over 1,100 online services related to cryptocurrencies were blocked.
