The collapse of two major crypto exchanges in Turkey has accelerated the demand for cryptocurrency regulations in the country. In an alleged exit scam, two major Turkish crypto exchanges – Thodex and Vebitcoin – are currently under investigation by Turkish authorities. Officials familiar with the matter told Bloomberg that following the collapse of these two

The post Turkey Accelerates Work On Crypto Regulations After Two Major Exchange Collapses This Week appeared first on Coingape.

Turkey-based Vebitcoin exchange has come under fire after it ceased its business operations amid a polarized crypto market terrain in the country. As reported by France 24, the Turkish authorities have arrested the Chief Executive Officer of the Vebitcoin trading platform, the second in a week after the Thodex exchange with a brawl with the

The post Vebitcoin Exchange Becomes Second Turkish Crypto Platform to Face Probe in a Week appeared first on Coingape.

Thodex, a popular crypto exchange in Turkey is currently under investigation for alleged exit fraud after customers started complaining about not able to access their funds and later the website for the platform also went offline. The founder of the exchange Faruk Fatih Özer has reputedly fled the country on April 20 defrauding nearly $2

The post Turkish Agency Opens Investigation Against Crypto Exchage Thodex Over Alleged $2B Fraud appeared first on Coingape.

Binance Smart Chain'S TurtleDEX is currently grappling with exit scams of approximately $2.5 million in BNB tokens, drained from Ape Swap and Pancake Swap.

The Binance Smart Chain dapp TurtleDEX has just performed an exit scam on its users today and stole $2.5 million and deleted the social media profiles right after so let’s read more in our latest cryptocurrency news. The protocol managed to drain 9000 BNB or $2.5 million in users’ funds and a yield farming ecosystem […]

TurtleDex, a Binance Smart Chain dApp, exit scammed its users today, after its highly anticipated launch.

The post Binance Smart Chain project TurtleDex pulls the rug on its users and steals $2.5 million appeared first on CryptoSlate.

And guess what? There’s no sign of TurtleDex anywhere.

The file storage project has all the markings of a rugpull, but will investors be able to get their funds back?

The recent growth in DeFi projects have been accompanied by some major hacks and scams. The article covers security issues and risks and ways to avoid them.

The most expensive single NFT ever sold went for $6.6 million in February.

Compare The Meerkat In the DeFi markets, Meerkat Finance is known as the Yearn Finance (YFI) copy. Meerkat Finance’s token MKAT is down after a supposed exploit, leading to a loss worth $31 million, comprising just under $14 million worth of BUSD and 74,000 BNB. MKAT, which runs on the Binance Smart Chain (BSC), saw … Continued

The post DeFi Project Meerkat Suspected of $31 Million Rug-Pull appeared first on BeInCrypto.

Meerkat Finance, a Binance Smart Chain project has allegedly rug pulled 13.96 million BUSD and 73,635 BNB with a combined total of nearly $32 million, making it the biggest fraud on Binance Smart Chain. The project claimed their system was hacked earlier, but currently the main website cannot be accessed, making many believe that they

The post BSC Project Meerkat Finance Allegedly Rug Pulls Nearly $32 Million in BUSD & BNB appeared first on Coingape.