Turkey seizes more than $1bn in assets in alleged gambling-linked crypto case
Istanbul's Chief Public Prosecutor confirmed that authorities seized more than $500m in assets linked to suspect Veysel Sahin, while another operation on 30 January led to the arrest of a second person and seizure of a similar sum, according to the report. Investigators allege the suspects were involved in illegal gambling and used cryptocurrency to launder proceeds. Tether Holdings SA assisted authorities with the asset freezes.
The seizures highlight enforcement against alleged gambling-linked laundering and cryptocurrency firms’ role in assisting authorities.