Turkey’s Financial Crimes Investigation Board (MASAK) seeks to seize “suspicious” assets linked to cryptocurrency exchange FTX.
The authorities also plan to open an investigation against the former CEO of the commercial site – Sam Bankman-Fried (SBF).
Go after SBF
Turkish agency Follow up Obtaining a green light from the Istanbul Public Prosecutor to begin a thorough examination of FTX and its suspicious activities over the years. The entity promised to seize “suspicious” assets related to the platform if the regulators gave their consent.
MASAK is also ready to investigate Bankman-Fried’s actions and determine his role in the stock exchange crash.
Several reports suggested that the 30-year-old American has spent millions of dollars to pay off the media to present himself as a trustworthy businessman to the general public. Twitter’s new CEO – Elon Musk – Think On those assumptions, saying that FTX could still be a viable site if the SBF was as good at running it as it was at bribing broadcasters.
Other sources revealed that Bankman-Fried and other executives of the collapsed platform misappropriated customer funds over the years and Sold Several million homes on the seashore in the Bahamas.
MASAK already has it opened An investigation into the Turkish subsidiary of the Stock Exchange – FTX Turkey – and the seizure of cryptocurrency related to its executives.
“At our aforementioned request, a legal investigation has been initiated against the suspects, and measures have been taken to confiscate the assets of the suspects,” an earlier statement read.
The latest cryptocurrency seizure in Turkey
Turkish police arrested 46 people in October who allegedly ran an illegal betting organization and laundered profits using cryptocurrencies.
The investigation assumed that the entity handled $135 million worth of digital assets over the course of its existence.
Süleyman Soylu, Turkey’s interior minister, stated that law enforcement officers confiscated about a third of this amount and said this was “just the beginning”:
This operation came from Turkish Cyprus and is linked to the killing of Khalil Valiali. Almost 2.5 billion TL of funds have been transferred. About $40 million in cash has now been seized.”
The authorities submitted seizure documents to the governments of several European countries so that they would be aware of the problem and prevent such negative events in the old continent.
Turkey Report After ‘Suspicious’ FTX-Related Asset Seizure: Report Appears First On CryptoPotato.