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Turcoin Founders Make Away With Millions Of Dollars

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What was thought to be Turkey’s answer to bitcoin has now turned out to be another Ponzi scheme, one aimed to defraud investors millions of dollars. Turcoin had been dubbed a “national” crypto, Turkey’s own bitcoin and its answer to the growing virtual currency industry. But while investors were pumping millions of their hard-earned money to put the crypto on the international map, its founders were busy scheming on how to defraud them.

Turcoin’s Classic Plan

The Istanbul-based company captured the hearts of many investors as it advertised itself as a rival to bitcoin. It was also developed in ...

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