Turkish prosecutors have filed charges against a criminal gang involved in money laundering worth $850 million in cryptocurrency.

Odaily Planet Daily News: Turkish prosecutors have indicted a large money laundering network involving the "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 charged with converting illicit funds into cryptocurrency and transferring them abroad, as well as luring victims into fraudulent investment schemes with promises of high returns. Prosecutors are seeking up to 34.5 years in prison for the alleged mastermind, Türker Ak, and up to 31 years in prison for the alleged network manager, Murat Dönmezoğlu.