Authorities in Kazakhstan have launched an investigation into a crypto-mining hotel involved in a financial pyramid scheme as part of their ongoing crackdown on illicit cryptocurrency-related activities.
The platform, called Bincloud, recruited investors through Whatsapp and Telegram, persuading them to put their money into projects that offered mining equipment rentals.
As a reward, they are promised to get back 5% to 6% of the invested amount every day. Kazakhstan’s financial watchdog is urging victims of suspected Ponzi schemes to contact the financial watchdog’s regional department and report the case.