Turkey prosecutors secure freeze of $544m in assets linked to alleged betting network
The Istanbul Attorney General’s Office said a cryptocurrency company froze more than $544 million in assets tied to Veysel Şahin, which the source later identified as Tether Holdings SA. Prosecutors allege the assets came from unlicensed gambling platforms and money laundering; Tether’s chief executive said the company reviewed the request and acted under Turkish law.
The action shows Turkish prosecutors are targeting assets they link to unlicensed gambling and alleged money laundering.