Turkish authorities are investigating a fraud scheme, the organizers of which fled with 350 million Dogecoin (over $119 million). According to сообщают local media.
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The main suspect is a man identified as Turgut V. According to investigators, together with his girlfriend and 10 accomplices, he attracted funds allegedly for the purchase of mining equipment and the mining of Dogecoin. Investors were promised a 100-percent return in 40 days.
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Meetings with potential clients took place in upscale venues, and communication also took place via a Telegram group. In the first three months, investors did indeed receive dividends. However, subsequently payments ceased, and the organizers stopped responding.
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At that time, the scammers attracted Dogecoin worth 1 billion Turkish lira (over $119 million) from roughly 1,500 people.
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The General Prosecutor’s Office issued a lookout for the suspects. Turgut V. and his girlfriend are prohibited from leaving the country.
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Earlier in April, the Turkish exchange Thodex unexpectedly ceased operations, initially citing technical issues and then the transfer of the platform to a new partner.
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The CEO of the company fled the country and is being sought by police. As part of the investigation, police detained more than 60 people, including relatives of the CEO.
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In the same month, the local platform Vebitcoin announced its closure due to financial difficulties. Turkish authorities blocked the company’s accounts.
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