While there were dozens of detentions within the scope of the illegal betting investigation in 8 provinces, illegal crypto money worth 40 million dollars was seized.
A large-scale illegal betting operation was carried out by the Ankara Chief Public Prosecutor’s Office. As a result of the operations carried out in 8 provinces, 46 suspects were detained. In addition, $40 million worth of cryptocurrencies thought to be associated with the operation and used as a means of money laundering were also seized.
Illegal Bookies Have Used Cryptocurrencies
According to the statement made by the Chief Public Prosecutor’s Office, 46 people were detained during the operations against the criminal organization. As a result of the operations carried out in Ankara, it was determined that the criminal organization used crypto money as a money laundering method.
The suspects provided the transfer of proceeds from illegal betting. The criminal organization determined to act as an intermediary transferred the illegal money collected in the account to other accounts.
The money collected from the betting sites was sent to the crypto asset accounts of the group of 11 people. They laundered the collected cash by turning it into cryptocurrencies.
With this method, they obtained approximately 2.5 billion liras of crime revenue. The suspects made approximately 118 thousand transactions from the bank accounts they collected the money to their crypto accounts. As a result of these transactions, the illegal income that turned into cryptocurrencies was collected in crypto wallets.
