Dogecoin Scam: 350 Million Dogecoins Duped in Turkey
Turkish police have launched an investigation into a dogecoin investment scheme that has allegedly duped 1,500 investors out of 350 million dogecoins.
Dogecoin Scam Dupes Investors in Turkey
The investigation, led by the Küçükçekmece, a suburb of Istanbul, is targeting a cryptocurrency system operating under the name “Dogecoin Mining.” The scheme promised investors a 100% profit in 40 days.
The scam’s alleged mastermind, Turgut V., organized one-on-one meetings in luxury venues and used a Telegram channel to direct investors to transfer their dogecoins to the system.
The scheme worked well for the first three months, with investors receiving regular returns. However, in the fourth month, Turgut V. abruptly shut down the system, leaving investors confused and unable to access their funds.
Realizing they had been defrauded, some investors filed complaints with the prosecutor’s office through their lawyer Sinan Keskin. One of the victims, Ecem Ashyrova, told TV100: “I deposited 4 million dogecoins. I lost 12 million Turkish lire at the moment. We were