Turkey’s Financial Crimes Investigation Agency announced its investigation into crypto exchange FTX after its collapse and bankruptcy filing.
Along with FTX, the agency will look into people and institutions related to the platform including banks, electronic money institutions and crypto-asset providers. The regulator also noted that it had been monitoring FTX’s activities in accordance with the country’s Anti-Money Laundering laws.
FTX Turkey provided a Google Form for users seeking to receive their funds, without specifying a delivery date. On its website and Twitter account, a note asked users to share their International Bank Account Number address to proceed with the refund process.
Turkey is one of the most relevant emerging markets for the crypto industry, with nearly 8 million people in the country engaged with cryptocurrencies, according to figures from the local crypto exchange Paribu.
Roughly 130 companies in FTX Group including FTX Trading, FTX US, under West Realm Shires Services, and Alameda Research started proceedings to file for bankruptcy in the United States following the exchange’s dramatic collapse during the previous days.
In addition to Turkey, the United States and the Bahamas announced investigations into the bankrupt crypto exchange during the past week. In the U.S., the Securities Exchange Commission and the Department of Justice are looking into the matter.
