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Tag Archives: Founder

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Fled Crypto Founder, $2 Billion Missing as Siblings, Senior Employees Jailed

Computer ComponentBy admin30 April 2021

Vebitcoin, a Turkish crypto exchange that traded an estimated $60 million per day, has ceased operation as authorities have now arrested four of the company’s senior employees and froze the exchange’s assets. This development comes in the wake of last week’s collapse of the Theodex crypto exchange, a result of the founder dissapearing with $2…

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Crypto Exchange Founder Disappears with $2 Billion

Computer ComponentBy admin24 April 2021

The founder of a popular crypto exchange in Turkey has disappeared, with media reports indicating that he has fled the country with $2 billion as roughly 300,000 frustrated users have suddenly lost access to their accounts. In Turkey, the national currency lira has been in a secular decline for nine consecutive years, urging people to…

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