Turkey Grounds FTX Assets

Turkish authorities have kicked off procedures to seize "suspicious assets" associated with collapsed crypto exchange FTX.

The authorities are also investigating the FTX’s founder Sam Bankman-Fried.

Turkey’s Financial Crimes Investigation Board, known as MASAK, says it has sought approval from the Istanbul Chief Public Prosecutor’s Office to initiate "an investigation for various antecedent crimes and laundering the property values ​​arising from the crime."

MASAK is also seeking to "confiscate the suspicious assets" in accordance with local law.

Since Nov. 14, MASAK has also been investigating the exchange’s local unit, FTX Turkey.

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