Two Turkish crypto exchanges are facing legal problems

Two Turkish crypto exchanges are facing legal problems

  • The Turkish authorities are investigating two trading platforms for cryptocurrencies.
  • The investigation can be traced back to a suspected exit fraud.
  • Both exchanges stopped trading a week ago due to the new crypto rules.

The Turkish authorities are investigating the Thodex and Vebitcoin crypto exchange over alleged crypto fraud. 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 struggle within a week of banning crypto use for payments by the country’s central bank.

The exchange declared

“Due to recent developments in the cryptocurrency industry, our operating density has been much higher than expected. We regret to note that this situation has turned us into a very …

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