Tether freezes USD 500 mln linked to Turkish gambling ring

News Fraud and Fincrime Tether freezes USD 500 mln in assets connected to alleged Turkish gambling ring IM Iulia Musat 11 Feb 2026 / 5 Min Read Tether has frozen more than USD 500 million in digital assets linked to an alleged illegal gambling and money laundering operation in Turkey. The frozen funds are reportedly connected to Veysel Sahin, whom Turkish prosecutors accuse of operating an illegal betting network.