Authorities in Türkiye (the Republic of Turkey) have launched an investigation into crypto exchange FTX’s former CEO, Samuel Bankman-Fried. The country’s Treasury and Finance Ministry has seized his assets as well.
The country’s Financial Crimes Investigation Board (MASAK) launched the investigation over fraud allegations.
According to a statement released by MASAK, its investigation discovered “strong criminal suspicion” of FTX’s misconduct in the crypto-assets market, including the fabrication of buying and selling transactions.
MASAK also stated that the company is highly suspicious of clients’ trust assets being transferred to third parties through irregular transactions.
Nureddin Nebati, Treasury and Finance Minister, stated that the cryptocurrency market should be approached with “maximum caution.”