Turkey’s fiat currency, the Lira (TRY), is in serious trouble – especially against Bitcoin – with consumer price inflation reaching an alarming 16% in March
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Turkey may establish central custodian bank following alleged fraud at two major exchanges
Vebitcoin CEO Ilker Bas is reportedly in police custody, with Thodex owner Faruk Fatih Özer suspected to have fled to Albania.
Read moreTurkey Rules Out Blanket Crypto Ban, Plans To Regulate Sector
After news broke out about two weeks ago that the Turkish government had planned to ban the use of cryptocurrencies for payments, there were speculations
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Turkish Bitcoin Exchange Shuts down, Locks Up Customers’ Funds
Another Turkish cryptocurrency exchange, Vebitcoin, has abruptly shut down its operation, citing financial difficulties. Vebitcoin Crypto Exchange Shutdown Vebitcoin’s shutdown is the second to occur
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Four arrested after Turkish exchange Vebitcoin closes its doors
The arrested employees, including directors, are suspected of fraud.
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Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds
A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2
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