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

By Riza Dagoc

Canonical URL: https://www.tokenpost.com/news/regulation/57565
Published: 2026-11-15T00:04:48.000Z
Updated: 2026-11-15T00:04:48.000Z
Section: Regulation

> Authorities identified 3.2 billion Turkish lira in bank-account transactions in a case centered on Gaziantep and spanning seven provinces.

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.