The country’s Financial Crimes Investigation Board MASAK reveal the founder of the collapsed cryptocurrency exchange Sam Bankman-Fried is likewise under investigation.
A Wednesday notice from the country’s Financial Crimes Investigation Board, known as MASAK, reveal the agency had sought approval from the Istanbul Chief Public Prosecutor’s Office to initiate “an investigation for several antecedent crimes and laundering the property values arising from the crime” and to “confiscate the suspicious assets” in accordance with local law.
After a CoinDesk article scrutinizing the financial stability of Sam Bankman-Fried’s cryptocurrency empire set off a series of events that culminated in a bankruptcy filing in the United States, regulatory authorities in the numerous jurisdictions where the platform had a local presence have sprung to action, most notably in The Bahamas, where FTX was headquartered.
Since Nov. 14, MASAK has likewise been investigating the exchange’s local unit, FTX Turkey. The ongoing investigations have shown that customers’ trust was “not duly preserved” by the fallen company, and that authorities have “a strong suspicion of crime” being committed, particularly by Bankman-Fried who “directly or indirectly” controls the entities and individuals through which FTX operates in Turkey, the notice said.
” Because of our aforementioned application, a judicial investigation was opened against the suspects and a confiscation measure was applied to the assets of the suspects,” the notice stated in Turkish.
Disclaimer: This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.