The Thodex Turkish exchange sent $125 million in BTC to Kraken before closing down while blockchain analytics firm Whitestream claimed over 5000 BTC went from the exchange’s controlled wallets via intermediaries so let’s read more in our latest crypto news today. The Thodex Turkish exchange closed abruptly this month and left customers locked out of […]

TL;DR Breakdown Hotbit exchanged operations paralyzed after cyber attack Exchange ready to build all servers afresh Hotbit cyber attack, another exit scam? Another crypto exchange firm (Hotbit) that serves at least 2 million users globally has announced that it has suffered a severe cyber-attack, leading to the firm shutting down its operation temporarily. In its […]

Blockchain analytics firm Whitestream claims over 5,000 BTC went from Thodex-controlled wallets through intermediaries.

The Turkish investigation agency has jailed 6 suspects in the case related to the exit scam committed by the CEO of Thodex cryptocurrency exchange in what many called the biggest fraud in the history of the country. The arrest was ordered by a Turkish court on later Thursday. Police earlier detained 62 people out of

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The Chinese crypto exchange says funds are “SAFU” and that the emergency maintenance could take up to two weeks.

Cryptomaniaks is a site that presents the best poker sites which accept cryptocurrencies like Bitcoin and Ethereum for deposits, withdrawals, and playing. But what if these sites get banned? Better still…should they be banned? This could happen.  How will it affect you?   Cancel Culture and Crypto   There are immense pushes and controversy over […]

Turkey’s fiat currency, the Lira (TRY), is in serious trouble – especially against Bitcoin – with consumer price inflation reaching an alarming 16% in March of this year. In January of 2008, the Lira traded at near-parity with the US Dollar but is currently near its all time low of 8.5 TRY to the USD. […]

TL;DR Breakdown Turkey to go tougher on crypto. Stricter regulations coming into play due to increasing frequency of scams. The government in Turkey is beginning to explore means to improve regulation around cryptocurrencies after two exchange firms in quick succession allegedly defrauded users of their platforms. An exchange in the country, Vebitcoin, has had its […]

The collapse of two major crypto exchanges in Turkey has accelerated the demand for cryptocurrency regulations in the country. In an alleged exit scam, two major Turkish crypto exchanges – Thodex and Vebitcoin – are currently under investigation by Turkish authorities. Officials familiar with the matter told Bloomberg that following the collapse of these two

The post Turkey Accelerates Work On Crypto Regulations After Two Major Exchange Collapses This Week appeared first on Coingape.

Turkey-based Vebitcoin exchange has come under fire after it ceased its business operations amid a polarized crypto market terrain in the country. As reported by France 24, the Turkish authorities have arrested the Chief Executive Officer of the Vebitcoin trading platform, the second in a week after the Thodex exchange with a brawl with the

The post Vebitcoin Exchange Becomes Second Turkish Crypto Platform to Face Probe in a Week appeared first on Coingape.

Thodex, a popular crypto exchange in Turkey is currently under investigation for alleged exit fraud after customers started complaining about not able to access their funds and later the website for the platform also went offline. The founder of the exchange Faruk Fatih Özer has reputedly fled the country on April 20 defrauding nearly $2

The post Turkish Agency Opens Investigation Against Crypto Exchage Thodex Over Alleged $2B Fraud appeared first on Coingape.

Binance Smart Chain'S TurtleDEX is currently grappling with exit scams of approximately $2.5 million in BNB tokens, drained from Ape Swap and Pancake Swap.