Fergana Resident Detained Over Alleged $500,000 Crypto Scam

A resident of Fergana has been detained for allegedly conducting illegal cryptocurrency transactions worth around $500,000. The suspect's home was searched by law enforcement officers from the Cybercrime Prevention Department in the presence of witnesses.

During the search, investigators seized a laptop, two mobile phones, and 43 bank cards that were allegedly used to carry out the illicit transactions. According to the Ministry of Internal Affairs, the total value of the suspect's USDT transactions was approximately $500,000.

A criminal case has been opened under Article 278-8 of Uzbekistan's Criminal Code, which deals with violations of legislation governing the circulation of crypto-assets. The investigation is ongoing.