Turkish authorities arrest chairman of digital payments provider PayFix for $100 million in cryptocurrency laundering

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According to a report by Bloomberg, Foresight News, Turkish authorities have arrested dozens of suspects in a crackdown on illegal online gambling, including BankPozitif chairman Erkan Kork, who also serves as chairman of digital payment provider PayFix. The Turkish Financial Crimes Investigation Board found that nearly 50 million transactions related to gambling (totaling 4 billion lira, or about $1.09 billion) flowed through PayFix accounts to cryptocurrency exchanges. The prosecutor's office accused Kork of integrating these operations into the PayFix system.

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