Andijan man accused of conducting illegal crypto operations worth $5.7 million

According to the investigation, the 30-year-old man from the Shahrihan district carried out the transactions using his iPhone via HTX, a major cryptocurrency exchange platform. The authorities noted that HTX is not officially registered in Uzbekistan, and any trading activity involving this platform is considered illegal under national legislation.

During the inspection of his mobile device, it was revealed that the suspect had used his HTX account to conduct multiple unauthorized purchase, sale, and exchange operations involving crypto assets, totaling UZS 68.2 billion (approximately $5,687,000 at the current exchange rate).

A criminal case has been initiated under Part 3, Article 278-8 of Uzbekistan’s Criminal Code (Violation of laws governing crypto asset circulation on a particularly large scale). Investigations are currently underway.