{"id":70580,"date":"2022-11-25T11:38:56","date_gmt":"2022-11-25T09:38:56","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=70580"},"modified":"2025-09-08T03:08:28","modified_gmt":"2025-09-08T00:08:28","slug":"turkish-regulator-seizes-sam-bankman-frieds-assets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/turkish-regulator-seizes-sam-bankman-frieds-assets\/","title":{"rendered":"Turkish regulator seizes Sam Bankman-Fried&#8217;s assets"},"content":{"rendered":"<p>The Turkish <span data-descr=\"Financial Crimes Investigation Board\" class=\"old_tooltip\">MASAK<\/span> has opened an investigation into the founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, on suspicion of fraud. Local media reported, citing the country&#8217;s Ministry of Finance.<\/p>\n<p>As part of the investigation, all local accounts and assets of the entrepreneur, as well as affiliates, have been frozen.<\/p>\n<p>The Turkish Finance Minister Nureddin Nebati urged &#8216;utmost caution&#8217; when dealing with the cryptocurrency market, given its risks.<\/p>\n<p>Meanwhile, a form for affected customers appeared on the FTX website. After completing it, users should contact customer support to have funds refunded to their bank account.<\/p>\n<p>On average, around 187,000 unique visitors from Turkey accessed the FTX site per month. The country ranked sixth on this metric. The leader was South Korea with 297,000 visits.<\/p>\n<p>Earlier in November, FTX <a href=\"https:\/\/u1f987.com\/en\/news\/ftx-group-files-for-bankruptcy-sam-bankman-fried-resigns-as-ceo\">announced bankruptcy<\/a> due to liquidity problems.<\/p>\n<p>According to reports, the U.S. Department of Justice has everything needed to open <a href=\"https:\/\/u1f987.com\/en\/news\/media-reports-on-prospects-of-criminal-charges-against-the-ftx-chief\">a criminal case<\/a> against Bankman-Fried and other executives of the platform.<\/p>\n<p>Earlier, the <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> and <span data-descr=\"U.S. Commodity Futures Trading Commission\" class=\"old_tooltip\">CFTC<\/span> also began <a href=\"https:\/\/u1f987.com\/en\/news\/us-regulators-investigations-into-ftx-come-to-light\">examining the connections between FTX<\/a> with its U.S. subsidiary and Alameda Research.<\/p>\n<p>Bloomberg deemed the return of client funds <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-says-customer-recovery-of-ftx-funds-unlikely\">unlikely<\/a>, with a &#8216;hole&#8217; in the balance of <a href=\"https:\/\/u1f987.com\/en\/news\/bloomberg-and-wsj-report-an-8-billion-hole-in-ftx-balance-sheet\">about $8 billion<\/a>.<\/p>\n<p>For more on the collapse of FTX and Alameda Research, see ForkLog&#8217;s special feature.<\/p>\n<p>Follow Bitcoin news from ForkLog on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Turkish MASAK has opened an investigation into the founder of the cryptocurrency exchange FTX, Sam Bankman-Fried, on suspicion of fraud.<\/p>\n","protected":false},"author":1,"featured_media":70581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1154,1236,1323,1403,920],"class_list":["post-70580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-crimes","tag-ftx","tag-investigations","tag-sam-bankman-fried","tag-turkey"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=70580"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70580\/revisions"}],"predecessor-version":[{"id":70582,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/70580\/revisions\/70582"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/70581"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=70580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=70580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=70580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}