Turkey to Confiscate Suspicious’ Assets Related to FTX Report

Turkey’s MASAK is willing to seize assets associated with FTX and launch an investigation against SBF. The Financial Crimes Investigation Board of Turkey (MASAK) seeks to seize “suspicious” assets linked to the battered cryptocurrency exchange FTX. The Turkish agency sought a greenglight from the Istanbul Chief Public Prosecutor’s Office to launch a thorough inspection on FTX and its dubious activities over the years. The entity vowed to confiscate “suspicious” assets related to the platform should the regulators give their approval. MASAK is also willing to examine the actions of Bankman-Fried and determine his role.