Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June.
https://news.bitcoin.com/turcoin-ponzi-scheme-exposed-founders-flee-with-millions/
I'm seeing more and more of this crypto schemes. It might be me, maybe I'm looking for them. But stories like this make me scared to try new cryptos, they are way too much and you can't never be sure if they are genuine.
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