Turkish Treasury and Ministry of Finance Have Launched an Investigation into SBF's Fraud Allegations

The Turkish Ministry of Finance and Treasury has launched an investigation into allegations of fraud at SBF and has seized the assets of SBF and other affiliated companies.

"The investigation was initiated by the country's Financial Crimes Investigation Board (MASAK)," said Finance and Treasury Minister Nureddin Nebati. "The cryptocurrency market should be approached with utmost caution while highlighting the risks and opportunities that come with digitization."