Turkey Files Paymix Indictment Over TRY210B Betting Network
The filing takes the Paymix case forward from the reported raids and seizure of infrastructure in May. The indictment seeks prison terms ranging from six to 39 years.
The founder of Basel Holding, Burak Başel, is accused of leading the organization. He faces between 16 years and six months and 39 years for alleged money laundering, forming and managing a criminal organization, and violating Turkey’s sports betting law.
Ulaş Utku Bozdoğan, identified as a manager of the organization, faces between 14 years and six months and 37 years in prison. The remaining 55 suspects face terms ranging from six to 22 years.
Payment Flows Led to Crypto Accounts
The indictment describes a process that began with payment and electronic money institutions. Funds entered bank accounts and were then transferred to crypto asset service providers.
The Turkish Financial Crimes Investigation Board, MASAK, discovered that TRY11.49 billion flowed into accounts through payments and e-money institutions from January 2020 to September 2025. Moreover, MASAK found that TRY15.04 billion was remitted from such accounts to crypto providers from June 2024 to September 2025. These numbers pertain to different time frames and cannot be added up.
Some companies received money only from payment institutions and remitted the money to crypto institutions only. Later, MASAK traced crypto assets to wallets held on Kraken.
Digital Records Covered 56 Betting Sites
The broader TRY210 billion estimate was based on financial records, transaction logs and accounting data found across the digital infrastructure. The equivalent value of the amount at the exchange rate on July 30 was about $4.4 billion.
The prosecutors were able to find data belonging to 56 illegal betting sites that were using Pentech infrastructure. The systems maintained data for about 14 million betting players. The databases also contained Turkish identity numbers for about three million people and records linked to roughly eight million phone numbers.
The technical configuration involved over 500 physical and virtual servers, about 800 VPN accounts, over 600 remote desktop devices, and 60 management panels. These components, according to the indictment, were used for player accounts, payments, risk analysis, dealer and sub-dealer networks, and system administration.
Ownership Links Payments and Platform Services
The indictment alleges that Başel owned 90% of Paymix through Doxxon Finance Limited, which gave him ultimate control of its payment infrastructure. It also identifies him as the largest shareholder in Pronet Gaming and a shareholder in Universal Software Solutions NV.
The indictment gives prosecutors a harder task than taking servers offline. They now have to prove who controlled each layer and connect individual transfers to the suspects. The TRY210 billion figure shows the scale of activity recorded across the infrastructure, but it should not be presented as money seized or a confirmed laundering total.