Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets

Turkey Investigates Former FTX CEO Sam Bankman-Fried for Fraud, Seizes Assets


The Turkish government has launched an investigation on the former chief executive of failed cryptocurrency exchange FTX, Sam Bankman-Fried. According to local media, the authorities in Ankara have also seized assets belonging to the founder of the troubled coin trading platform.

Turkey’s Financial Intelligence Unit Initiates Another FTX-Related Probe

Financial regulators in Turkey have started to investigate the founder and former CEO of cryptocurrency exchange FTX, Sam Bankman-Fried (SBF), for alleged fraud. The move follows the initiation in mid-November of a probe into the collapse of the company, which also operated a Turkish platform.

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Both investigations are led by the country’s Financial Crimes Investigation Board (MASAK), a department under the Ministry of Treasury and Finance. As part of them, the authorities have seized assets

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