Turkey | ForkLog

ForkLog 277 07.02.2026

Tether Freezes $544 Million in Illicit Funds at Turkey’s Request

In late January, Istanbul's prosecutor announced the seizure of $544 million in digital assets linked to illegal betting and money laundering. The operation was conducted with the assistance of Tether, according to Bloomberg.

AI translated

ForkLog 176 01.11.2025

Founder of Defunct Turkish Crypto Exchange Thodex Found Dead in Prison

Faruk Fatih Ozer, the former CEO and founder of the bankrupt Turkish cryptocurrency exchange Thodex, has been found dead in a solitary cell in a high-security prison in Tekirdag, according to local media reports.

AI translated

ForkLog 218 14.08.2025

BtcTurk Halts Withdrawals Amid Suspicious $48 Million Transactions

One of Turkey’s largest cryptocurrency exchanges, BtcTurk, has reportedly fallen victim to a $48 million hack, according to cybersecurity experts at Cyvers. 🚨ALERT🚨$48M worth of digital assets have been detected in unusual activity across multiple chains involving Turkish exchange @btcturk About 30 minutes ago, our system detected multiple alerts across $ETH, $AVAX, $ARB, $BASE, $OP, […]

AI translated

ForkLog 55 12.08.2025

Crypto Developer Announces Release in Turkey

An Argentine blockchain developer known by the pseudonym Fede’s intern has announced his release in Turkey. He was previously detained in Izmir on charges of aiding in the “improper use of Ethereum.” I’m finally out, safe and free. There was a small moment were things looked very bad but thanks to help from many I […]

AI translated

ForkLog 33 11.08.2025

Crypto Developer Reports Detention in Turkey

An Argentine developer known as Fede’s intern has reported his detention in the Turkish city of Izmir. According to him, local authorities accuse him of “facilitating the misuse of Ethereum.” I’m in Turkey, Izmir. They are telling my lawyer that I helped people to misuse @ethereum and I might have a charge. You can imagine […]

AI translated

ForkLog 104 04.07.2025

Turkey Blocks Access to PancakeSwap and CryptoRadar

The Capital Markets Board of Turkey (CMB) has blocked access to the decentralized exchange (DEX) PancakeSwap and the price comparison platform CryptoRadar, as reported by local media. The reason cited was “providing services with crypto assets without permission.” This marks the first instance of sanctions being applied to a DEX in the country. The CMB […]

AI translated

ForkLog 213 24.06.2025

Turkey Imposes Limits on Stablecoin Transfers and Withdrawal Delays

Turkey’s Ministry of Finance has drafted stringent regulations for cryptocurrency transactions to combat money laundering and financial crimes, as reported by local media. Crypto platforms will be required to collect detailed information on the origin and purpose of each transfer. Users must provide a transaction description of at least 20 characters for each operation. In […]

AI translated

ForkLog 42 25.12.2024

Turkey Enforces AML Requirements for Cryptocurrency Transactions

Starting February 25, 2025, users in Turkey conducting digital asset transactions exceeding 15,000 TRY (~$425), will be required to provide identification data to crypto service providers. The new AML provision aims to prevent money laundering and the financing of terrorism. Insufficient information about the sender will categorize the transfer as “risky,” with the possibility of […]

AI translated

ForkLog 17 13.08.2024

Turkish Firm to Invest in El Salvador’s Bitcoin City Infrastructure

El Salvador is set to receive $1.615 billion in investments from the Turkish company Yilport Holding, with a portion allocated to the Bitcoin City project. Ülkemizin tarihindeki en büyük özel yatırım ???? pic.twitter.com/2cmn8T3g5p — Nayib Bukele (@nayibbukele) August 12, 2024 The funds will be used to upgrade two of the country’s ports—Acajutla and La Unión. […]

AI translated

ForkLog 18 25.07.2024

Russia Turns to Cryptocurrencies for Cross-Border Payment Solutions

Russian companies are increasingly encountering difficulties in international transactions due to the threat of secondary sanctions against their counterparts. Against this backdrop, cryptocurrencies and payments through intermediaries are gaining popularity, writes Bloomberg. The most significant challenge for Russia involves dealings with China, whose trade with Russia reached a record $240 billion in 2023. In many […]

AI translated

ForkLog 44 23.06.2024

Hackers Breach Turkish Exchange BtcTurk, Causing $54 Million Loss

On June 22, hackers targeted BtcTurk. The Turkish cryptocurrency exchange suspended deposits and withdrawals pending the investigation of the incident. According to the platform’s statement, the perpetrators accessed hot wallets containing 10 different cryptocurrencies. The exchange remains solvent, with cold wallets holding the majority of assets securely. Chinese journalist Colin Wu reported the sale of […]

AI translated

ForkLog 50 06.05.2024

Turkey to Introduce Cryptocurrency Regulations by 2024

The Turkish government is expected to enact cryptocurrency-related legislation by the end of 2024, according to Cointelegraph. The publication noted that in January, Finance Minister Mehmet Simsek announced the completion of the regulatory framework. However, the document has yet to be submitted to parliament. In November 2023, an official stated the implementation of FATF rules […]

AI translated

#Turkey