Turcoin founders flee Turkey with millions in investors’ money
Turkish investors are reeling from reports that the founders of Turcoin, described as Turkey’s “national” crypto, fled the country with their money.
Turkish investors are reeling from reports that the founders of Turcoin, described as Turkey’s “national” crypto, fled the country with their money.
Modern Tech has gone dark after allegedly defrauding 32,000 people out of $660 million in connection with two initial coin offerings, according to local reports.
One of the schemes that has had quite a bad press is the one run by Dubai-based USI Tech, which has already abandoned operations in the U.S. and Canada.
Promises of repayment and guarantees of returns will now require a banking license.