Turkey’s crypto mayhem: Vebitcoin exchange faces probe, becomes 2nd platform to go down in days ...News

In the second big crypto scandal emerging in Turkey this week, the financial watchdog has blocked all onshore bank accounts and arrested staff of Vebitcoin, after opening an investigation into yet another exchange. "Four administrators and personnel of the company were detained on Saturday on allegations of fraud," Mehmet Nadir Yagci, a prosecutor in the southwestern city of Mugla, said on Saturday, as cited by Reuters. The move was reported shortly after Vebitcoin, one of the top five crypto platforms in Turkey, with daily volumes of nearly $60 million, announced that it had halted all of its activities. Vebitcoin explained the shutdo

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