Turkish prosecutors have indicted a criminal gang involved in an $850 million cryptocurrency money laundering operation

Odaily Planet Daily News: Turkish prosecutors have filed a public indictment against a large-scale money laundering network involving "Grand Bazaar," with the amount involved reaching nearly 400 billion Turkish lira, approximately $850 million. The indictment lists 504 suspects, who are accused of using shell companies, bank accounts, foreign exchange offices, POS terminals, and cryptocurrency transactions to conceal illegal proceeds. The suspects are also accused of converting illicit funds into cryptocurrencies and transferring them abroad, as well as luring victims into fraudulent investment schemes with promises of high returns. Prosecutors are seeking a maximum prison sentence of 34.5 years for alleged mastermind Türker Ak and up to 31 years for suspected network manager Murat Dönmezoğlu.