The authorities in Türkiye, also known as the Republic of Turkey, have begun an investigation into Sam Bankman-Fried, the former CEO of the cryptocurrency exchange FTX. Additionally, the assets he owned have been seized by the Treasury and Finance Ministry of the country.
In response to allegations of fraudulent activity, the Financial Crimes Investigation Board of the country (MASAK) opened an investigation.
MASAK has issued a statement indicating that its investigation has uncovered “strong criminal suspicion” of misconduct on the part of FTX in the market for crypto-assets. This misconduct reportedly includes the fabrication of buying and selling transactions.
MASAK also stated that the company harbors a deep-seated mistrust that its customers’ trust assets are being improperly transferred to third parties through illegitimate transactions.
The Minister of the Treasury and Finance, Nureddin Nebati, has stated that investors should approach the cryptocurrency market with “maximum caution.”
Compiled by Coinbold