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Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse

November 16, 2022


Turkish Financial Watchdog Sets Out to Dig Deeper Into FTX Case

Turkey’s Financial Crimes Investigation Board (MASAK), a body subordinated to the Ministry of Finance in Ankara, has started an investigation into the insolvency of cryptocurrency exchange FTX, joining financial authorities in other jurisdictions to do so.

“It is well known to the public that a crypto asset trading platform operating on a global scale with the trade name has not been able to fulfill its obligations to its customers in recent days,” the agency said, noting the development has been widely reported by local and foreign press.