New Highlight in Turkish Bitcoin Exchange: "Anybody Can Fail" - Coinleaks
Current Date:September 21, 2024

New Highlight in Turkish Bitcoin Exchange: “Anybody Can Fail”

A new scandal has emerged in a Bitcoin and altcoin exchange in Turkey. Hundreds of complaints were filed about the exchange in question. Experts state that investors may go bankrupt if the site is closed. Here are the details…

Scandal in the Bitcoin stock market: There is an investment of more than 250 million TL

bleirtilen Bitexnova, which has 15 thousand users in Turkey, investors claim that they cannot withdraw their money . While it was reported that there was an investment of more than 250 million TL on the platform, Bitexnova’s renaming of its site to Bitexova caused fear among users. This situation brought along concerns about whether a new one was added to the sinking companies such as Thodex and Vebitcoin.

, which has 15 thousand Turkish investors, stated by many victims that Bitexnova has not been able to trade for about a week. Users share their complaints on social media and the general internet. Turkish investors say that they cannot withdraw their money and cannot find an interlocutor. Experts state that, in general, platforms that are not headquartered in Turkey and that do not give confidence about their capital should be avoided. According to experts, this may cause people’s investments to evaporate in an instant. As we have also reported as

Thodex and Vebitcoin story

Kriptokoin.com , many crypto hits have taken place in Turkey before. The most well-known of these were Vebitcoin and Thodex. Faruk Fatih Özer, CEO of local cryptocurrency exchange Thodex, left the country in April 2021, making the funds of the exchange’s approximately 390,000 active users irrecoverable. Thodex’s lawyer, Bedirhan Oğuz Başıbüyük, said that the CEO fled Turkey because otherwise “he would either be arrested or committed suicide”. The attorney cited liquidity issues and a one-year hacking incident as part of the reasons for the apparent exit scam.

A Turkish court jailed six suspects later that month as part of its investigation into the Thodex case. Among the suspects were Özer’s brother and sister, as well as senior company employees. In the same month last year, it was reported that Turkish authorities arrested four people linked to another cryptocurrency exchange, Vebitcoin, as part of a fraud investigation.