Istanbul Police Raid Crypto-Enabled Gambling Ring, Arrests 24

Turkish authorities have launched an investigation into a large-scale illegal gambling operation. The Istanbul Chief Public Prosecutor’s Office arrested 24 suspects related to the operation, where over 3.665 billion Turkish lira were suspected of being transferred via online platforms. Accounts on Paribu Technology Inc., Papara Electronic Money Inc., Binance TR (BN Technology Inc.), and Nesine (D Electronic Chance Games and Publishing Inc.) facilitated the alleged illegal transactions. The investigation aims to uncover how these platforms are used to launder money from gambling activity.