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The Turkish crypto trading platform Vebitcoin has stopped its business
Photo: Chris McGrath / Getty Images
In Turkey, the allegations of fraud against two platforms for trading cryptocurrencies are drawing wider circles.
Authorities arrested four Vebitcoin employees on Monday.
The company's bank accounts were blocked on Saturday after Vebitcoin announced that it would have to suspend all business activities due to financial problems.
In addition, according to the police, four people were arrested.
In addition, the authorities are investigating the Thodex platform for possible fraud.
Thousands of criminal charges have been received against the company, and 83 people have been arrested since Thursday.
According to the police, the founder and head of the Faruk platform, Fatih Özer, fled to the Albanian capital Tirana.
According to media reports, he could have taken $ 2 billion with him on his escape.
The Turkish public prosecutor's office is looking for him with an international arrest warrant.
Hundreds of millions of dollars in cryptocurrency transactions were processed on the platform every day.
Thodex had stated that operations would be shut down for a few days due to a sales process.
Users who were unable to withdraw their money or who had no access to their accounts spoke on Twitter of possible fraud.
The Turkish central bank recently banned payments with Bitcoin and other cryptocurrencies.
Trading in digital currencies and paying with them could lead to "irreparable" damage, she said.
mjm / Reuters
