Kazakhstan Shuts Down RAKS Crypto Exchange

[lingriiddd]

Kazakhstan’s financial crime agency has dismantled the RAKS crypto exchange, freezing 67 wallets containing nearly $10 million in USDT. Authorities linked the platform to $224 million in illicit flows, accusing it of laundering money through darknet marketplaces. RAKS operated in secrecy for three years, reportedly collaborating with over 200 drug shops and 20 major darknet markets.

[EmTeam]

RAKS Busted in Kazakhstan
Financial crime agency froze 67 wallets with $10M USDT.
Exchange linked to $224M in darknet laundering across 200+ drug shops & 20 major markets. Operated in the shadows for 3 years. ️

[Nahid10]

Darknet Exchange Takedown
Kazakhstan dismantles RAKS after uncovering $224M in illicit flows.
3 years of secret ops, laundering for drug markets—now 67 wallets & $10M seized. A major hit to underground crypto crime.