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Two Turkish Crypto Exchanges Face Legal Trouble

Published 04/26/2021, 03:30 AM
Updated 04/26/2021, 04:00 AM
Two Turkish Crypto Exchanges Face Legal Trouble

  • Turkish authorities are investigating two cryptocurrency trading platforms.
  • The investigation is due to an alleged exit scam.
  • Both exchanges halted trading a week ago due to the new crypto rules.

Turkish authorities are investigating Thodex and Vebitcoin crypto exchanges over an alleged crypto scam. Based on a report, the probe came after an alleged exit scam by Thodex.

Vebitcoin, a Turkey-based crypto trading platform, is the second crypto exchange to face troubles within a week after the country’s central bank banned crypto use for payments.

The exchange stated,

“Due to the recent developments in the crypto money industry, there was a much higher density in our operations than expected. We would like to state with regret that this situation has led us to a very...

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