Turkey detains 175 in $266 million crypto-forex fraud case
- —Raids took place in Istanbul and Mugla, covering 286 addresses and 42 call centers of 28 companies
- —Victims were investors from Europe, the Far East and Africa
- —Funds were transferred to foreign bank accounts and crypto wallets
- —The investigation covers four Istanbul prosecutor's cases in 2026
Why it matters: The case shows the scale of crypto fraud involving fake investment platforms and increases pressure on unregulated brokerage schemes.
Source: Cryptonews.net