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Turkish Law Enforcement Investigating FTX's Local Arm Following Wipeout

Turkey's Financial Crimes Investigation Agency is investigating FTX.com following the crypto exchange's dramatic collapse last week, according to an official notice published on Monday.

The agency will look into people, institutions, banks and crypto service providers related to FTX, the notice said. This may include local subsidiary FTX Turkey, which is listed among 134 entities tied to Sam Bankman-Fried's FTX.com that are now seeking protection from bankruptcy in the U.S.

With the investigation, Turkey – a fast-growing crypto market – is joining jurisdictions such as the U.S. and the Bahamas (where the global business had its headquarters), in probing Sam Bankman-Fried's crypto enterprise.

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