In America, the interest in cryptocurrencies was paved in a short time, especially with the effect of the market that has been on the rise since the end of 2020. However, the popularization of the industry has brought different fraud methods both in America and around the world. We saw the biggest example of this in America with Thodex , and later on, we also encountered structures such as Vebitcoin and Sistemcoin .
Today, it has been claimed that a new company is involved in crypto money fraud. It has been claimed that the owner of the Kayseri-based ‘Bitrota’ crypto money exchange lost hundreds of millions of Dollars. The allegations about the company were the same as with similar fraud stories: It operated with the Ponzi scheme , promising high returns to investors.
Cryptocurrency exchange ‘guaranteed earnings’:
It was founded in Kayseri by Kenan Altun and Hasan Özkan in July 2018, according to alleged information. Bitrota, which was established within the body of Endless Yazılım AŞ, which was established in Turkey, gave 30% earnings guarantee every month to the investors . In the campaign period , which was held in April and enabled thousands of people to reinvest, it was said that 45% profit would be achieved. In addition, a 25% income guarantee was given to those who brought new investors to the system, that is, those who brought their spouses and friends. Investors were focusing on the cryptocurrency they named ‘Talent’.
Bitrota, which established an office in Hatay as well as Kayseri, increased the number of ‘investors’ in a short time. Allegedly, nearly 30 thousand people deposited money in the stock market. Among the people who invested money by asking for profit in a short time , there were also those who sold their vehicles, animals, workplaces and those who took loans . Finally, like other pyramid schemes, it came to an end. It was reported that the stock market , which made its investors profitable at first, crashed a short time ago .
Investors of the stock exchange state that they could not reach Kenan Altun, the founder of the stock market, in any way. It is stated that his phone numbers are closed and his e-mails are left unanswered. It is alleged that the founder of the stock market was involved in losses with a total of 1 billion Dollars in the stock market.