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Turkish authorities have reportedly seized $40 million in cryptocurrency and detained 46 folks in an unlawful betting investigation. “This operation came out of Turkish Cyprus and is linked to the murder of Halil Falyalı,” Turkish Minister of Interior Süleyman Soylu stated.

Turkey Confiscates $40 Million in Cryptocurrency

The Office of the Ankara Chief Public Prosecutor’s Smuggling and Organized Crime Investigation Bureau issued an order detaining 46 suspects and confiscated $40 million in cryptocurrency Wednesday, the Daily Sabah reported.

The detention and seizure have been a part of an unlawful betting investigation in eight provinces: Ankara, Batman, Bingöl, Kayseri, Kırıkkale, Muş, Van, and Yozgat.

The suspects allegedly mediated the switch of illegally obtained funds to the crypto accounts of a felony group that features Halil Falyalı and his spouse.

Betting and on line casino tycoon Halil Falyalı was shot lifeless on Feb. 8 in an armed assault close to his home in Kyrenia, a metropolis on the northern coast of Cyprus. He allegedly led the unlawful betting business that’s being investigated, the publication conveyed, including:

A web quantity of TL 2.5 billion [$134.5 million] value of cryptocurrency was transferred to the cryptocurrency accounts of a bunch of 11 folks, together with Falyalı and his spouse.

“Around $40 million of crypto assets, which were detected to be transferred to crypto asset exchanges in the country and abroad, were seized,” the publication additional detailed.

Noting that “This operation came out of Turkish Cyprus and is linked to the murder of Halil Falyalı,” Turkish Minister of Interior Süleyman Soylu stated:

A switch of roughly TL 2.5 billion of money occurred. Approximately $40 million of money has been confiscated for the time being. But that is only the start.

According to a number of Turkish information retailers, bitcoin (BTC) and tether (USDT) have been seized.

What do you concentrate on Turkish authorities seizing cryptocurrency? Let us know within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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