by Tyler Durden
Monday, Apr 26, 2021 - 02:45 AM
Just days after major Turkish Crypto exchange Thodex collapsed, its CEO fled with a rumored $2 billion (and was reportedly detained) and dozens of people were arrested, Turkey’s cryptocurrency investors were dealt another blow as second big exchange collapsed.
In a statement posted late Friday on its website, Vebitcoin said it halted operations citing deteriorating financial conditions claiming that unspecified financial strain led to the decision possibly caused by an unusually high number of withdrawals leading up to Turkey’s forthcoming cryptocurrency ban, according to CoinTelegraph.
“We have decided to cease our activities in order to fulfill all regulations and claims,” the announcement read in part.
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