# Asset Seizure Related Articles

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Turkey blocked 47,493 illegal betting sites amid expanded measures targeting cryptocurrency accounts

Turkey has blocked access to 47,493 illegal betting websites since January 1st as part of a nationwide crackdown on online gambling operators and their payment networks. Police and gendarmerie conducted 680 operations, detaining 5,629 suspects, with 3,231 placed in pre-trial detention and 1,515 placed under judicial supervision. Cybercrime units are conducting 24/7 monitoring of illegal betting sites, social media ads, and digital payment channels. Investigators are tracking bank accounts, e-money services, and crypto asset wallets suspected of facilitating betting operations or laundering criminal proceeds. The actions follow earlier raids in May targeting over 670 suspects, with one investigation in Adana uncovering cryptocurrency platforms used for laundering betting revenues. Authorities highlighted a specific case involving a network allegedly coordinated by a suspect with initials İ.Ö.Ö., which reportedly generated revenue from illegal betting and match-fixing. Prosecutors identified seven overseas crypto wallets that received transfers from this network, estimating total transaction volume at $4 billion. All related bank and crypto accounts were frozen. The network allegedly recruited individuals to act as "common accounts" for processing bets in exchange for a 1% commission. In separate operations, authorities blocked 4,742 bank accounts and six crypto accounts in Adana, and identified transactional activity worth approximately $104 million across 47 suspects. Assets including companies, vehicles, and properties were seized. The crackdown includes real-time disruption. During the 2022 World Cup final, prosecutors identified and ordered the freezing of 6,314 bank accounts used for illegal betting, aided by an AI analysis system called AVCI. They project illegal betting volume for the 2026 World Cup could reach $50 billion. Justice Minister Yılmaz Tunç stated that 19 offshore "financial companies" managing panel systems for illegal betting sites were identified, with legal proceedings initiated against 23 suspects. He emphasized a strategic shift towards "draining the swamp" through coordinated asset seizures and digital evidence collection, rather than relying on individual prosecutions.

cryptonews.ru17h ago

Turkey blocked 47,493 illegal betting sites amid expanded measures targeting cryptocurrency accounts

cryptonews.ru17h ago

Operation 'Commodity': Brazilian Police Dismantle Criminal Gang Laundering $196 Million from Cocaine and Cryptocurrency Sales

Brazil's Federal Police conducted "Operation Commodity," dismantling a major drug trafficking organization that used cryptocurrency to launder money from cocaine exports to Europe. The group smuggled over 6.5 tons of cocaine concealed in shipments of coffee, cement, and mortar through the port of Rio de Janeiro. Linked to Brazil's PCC and CV factions, the network had operations spanning South America, Europe, and Asia. Authorities executed 13 arrests, 44 search warrants, and seized assets valued at nearly $196 million. An elite car dealership in São Paulo was identified as a front used to funnel drug proceeds into Brazil's financial system via fraudulent invoices and cryptocurrency.

cryptonews.ru07/27 10:50

Operation 'Commodity': Brazilian Police Dismantle Criminal Gang Laundering $196 Million from Cocaine and Cryptocurrency Sales

cryptonews.ru07/27 10:50

Seized Crypto Stolen As South Korea’s Tax Authority Leaks Private Key

South Korea's National Tax Service (NTS) accidentally leaked a crypto wallet's private key in a press release last Thursday, leading to the theft of $4.8 million worth of tokens. The key, a handwritten mnemonic phrase, was fully visible in an image intended to showcase seized assets from tax evaders. Blockchain researchers confirmed that 4 million PRTG tokens were stolen from the exposed wallet. An expert noted that the actual financial loss may be lower due to the token's low liquidity. This incident follows another recent case in which South Korean police lost 22 Bitcoin from a seized cold wallet. The NTS has not yet publicly addressed the leak.

bitcoinist02/28 23:32

Seized Crypto Stolen As South Korea’s Tax Authority Leaks Private Key

bitcoinist02/28 23:32

Suspect Linked to $15 Billion Bitcoin Fraud Arrested in Cambodia, Deported to China

Cambodian authorities have arrested and deported businessman Chen Zhi to China. He is accused of masterminding a massive international criminal network involving a $15 billion Bitcoin fraud, pig butchering scams, and money laundering. As the founder of the Cambodia-based Prince Group, he allegedly used its public business operations as a front for criminal activities. His network is linked to over 100 shell companies and the operation of scam centers across Southeast Asia. This follows a historic seizure by U.S. authorities of over 127,000 Bitcoin, valued at $15 billion, from his operation. China is seeking to prosecute him under its laws, which allow citizens to be charged for major crimes committed abroad. The case highlights the global scale of crypto-related crime and increased cross-border law enforcement cooperation.

TheNewsCrypto01/08 08:27

Suspect Linked to $15 Billion Bitcoin Fraud Arrested in Cambodia, Deported to China