Turkey seizes FTX assets in the country amid the ongoing investigation

Cointelegraph

Published Nov 25, 2022 08:00AM ET

Updated Nov 26, 2022 10:20AM ET

Assets belonging to former FTX CEO Sam Bankman-Fried have been seized by the country’s Financial Crimes Investigation Board, locally known as MASAK, following the collapse of his main business.

An official announcement from Turkey’s MASAK outlined preliminary findings and actions taken against Bankman-Fried following bankruptcy proceedings of its core business. MASAK began investigations on Nov. 14.

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