VeBitcoin, the cryptocurrency exchange that was founded in 2017 and gained popularity in a short time due to the fast transaction times and low commission fees it offers to its users.It reached a large user base.

Undoubtedly, the turmoil in the cryptocurrency world has now become a routine. It suddenly leaves its investors in the lurch And Bitcoin It would cause great unrest and the scandal it would cause.

VeBitcoin’s announcement that it had ceased operations in a short statement had a major impact.

Stock market operations will be halted in April 2021 with these expressions had announced; ‘‘Due to recent developments in the cryptocurrency industry, there has been a much higher density in our transactions than expected. We regret to say that this situation has dragged us as a company into a very difficult financial process. We have decided to cease our activities in order to comply with all regulations and your rights requests. ‘We will inform you as soon as possible.’

Before this decision was made, users had Difficulties in recording and executing transactions It is said that he is still alive.

Although they received the signal of this sudden closure due to the previously experienced transaction issues, VeBitcoin made this announcement popular among users. great panic and fear It had led.

Following the closure decision, the company’s CEO İlker Baş and three other people were arrested!

After the closure, many users were left without access to their assets on the exchange huge financial losses lived.

According to BBC news, after the exchange closed, the Financial Crimes Investigation Board (MASAK) froze Vebitcoin’s accounts and filed a lawsuit against its executives. investigation has started.

According to NTV News, as part of the investigation, a request was made to try these people for the crime of “aggravated fraud”. Every 1316 years prison sentences were demanded

In the same news, the company’s total 329 people It is said that he became a victim.

As the investigation deepened, the reasons behind the incident began to emerge one by one.

Investigations have revealed serious problems in VeBitcoin’s financial structure and on April 23, 2021, company CEO İlker Baş said: for an amount of $488,000 It turned out that he had transferred the crypto asset to another account of his.

Furthermore, after the termination decision, one of the suspects lost the relevant passwords because he was “scared”. deleted is also added. All of this adds an even more dubious atmosphere to the incident.

According to the news of the Cumhuriyet newspaper, the suspects advanced with an organizational structure, so much so İlker Baş used the nickname “baron” and his wife used the nickname “hanımağa”. It is known that he uses and that these two are also active in the illegal gambling world.

Among the suspects arrested on April 26, 2021 Except İlker Baş It is known that 3 of them were evacuated.

In the third session of the hearing It was decided to continue his detention İlker Baş’s statements are as follows;

“I looked at the minutes of the first and second sessions. None of my users complain about me. We do not accept money from third parties. I was involved in 73 lawsuits. I have never lost a case. There is a statement but no receipt. They took money from us many times more than the money they invested. Everyone got what they were entitled to, but not your wife. Let me investigate my assets, including before and after the creation of the company. I was in prison for 21 months. The history of cryptocurrency can never be erased. In the first 2 sessions I presented everything to you. I did not run away. I have a heart condition. I cannot deliver my medicine. I have had 3 heart attacks. Conditions and food are not suitable. Does the word organization apply only to me? The accounts of the company manager have not even been blocked. I made all payments until the day before. I paid 170 thousand TL. I did not even try to escape. I request release on condition of judicial supervision. “My children need me.”

In summary, the VeBitcoin scandal, which occurred after the Thodex scandal, has affected cryptocurrency exchanges in Turkey. Incidents that seriously undermine trust It reminds us once again of the precautions that must be taken to prevent similar tragedies in the future.

Our other content that may interest you: