Turkey Arrests 12 in Crypto Fraud Probe With $63.6 Million in Account Flows

Turkey’s Interior Ministry said a cyberfraud investigation centered on Gaziantep led to 12 arrests across seven provinces and uncovered 3.2 billion Turkish lira in linked bank-account flows.

The amount was about $63.56 million. The ministry said suspects contacted victims on social media with promises of high returns. Investigators said the suspects allegedly moved criminal proceeds through shell companies presenting themselves as investment, finance and cryptocurrency advisory firms.