$BTC
🚨 1.6 TRILLION wiped out from Turkey's stock market in last 12 days, as authorities start arrests and fund freezes to control the market crisis.
25 people now face prosecution, 15 are already in custody, and 10 suspects are still on the run.
The frozen assets belong to executives at four investment firms. It started when several fund managers couldn't pay investors back last week, and the failed redemptions turned into a broader sell off.
Turkey's stock market fell 10% in a single week alone, the worst weekly crash since March 2025.
To contain the damage, regulators have now ordered 131 funds to be liquidated, and extended the process from 3 months to 6.
#worldnews
🚨 1.6 TRILLION wiped out from Turkey's stock market in last 12 days, as authorities start arrests and fund freezes to control the market crisis.
25 people now face prosecution, 15 are already in custody, and 10 suspects are still on the run.
The frozen assets belong to executives at four investment firms. It started when several fund managers couldn't pay investors back last week, and the failed redemptions turned into a broader sell off.
Turkey's stock market fell 10% in a single week alone, the worst weekly crash since March 2025.
To contain the damage, regulators have now ordered 131 funds to be liquidated, and extended the process from 3 months to 6.
#worldnews
