Turkish police launched investigation into cryptocurrency scheme that duped 350 million dogecoins from 1,500 investors.
Dogecoin Scheme Dupes Investors in Turkey
Turkish public prosecutor’s office conducting large-scale investigation into cryptocurrency scam operating under name “Dogecoin mining.”
Scheme Promised 100% Profit in 40 Days
Scheme promised investors 100% profit in 40 days.
Scheme Used Telegram Channel
Scheme used Telegram channel to direct investors to transfer dogecoins to system.
Scheme Shut Down
Scheme shut down by Turgut V. in fourth month.
Investors Lost Millions
Investors lost 12 million Turkish lire (approximately $1.6 million USD).
Investigation Launched
Turkish Terrorism and Organized Crimes Bureau launched investigation on Turgut V. and 11 other suspects.
Dogecoin Price
Dogecoin price at $0.2849, worth approximately $100 million at current price.