Financial authorities in Turkey launch investigation into FTX collapse.
Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey.Turkey’s Financial Crimes Investigation Board , 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 FTX.com 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.
The watchdog also unveiled it has been closely monitoring activities in the country of such parties associated with FTX. The investigation will target transactions made through the accounts of both electronic money institutions and crypto providers, the agency noted, and the results will be shared with the relevant judicial and administrative authorities.
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