Turkish “National” Cryptocurrency Founders Steal Millions from Investors

[kreslik.news]

It is mid-2018, and cryptocurrency scams are nothing new today. However, the associated amount is what matters now. Turkish citizens became the recent victim of a multi-million dollar cryptocurrency scam as Turcoin, which was presented as the country’s “national” alternative digital currency, was founded to be a Ponzi scheme as its founders ran away with the raised money.

The founders are suspected to have duped around 10,000 investors for at least 100 million Turkish lira (around $21 million), according to the Turkish Minute. However, the Ahval News reported the stolen amount to be 1 billion Turkish lira ($212 million), ... (read more)