According to reports, the center of a significant fraud scandal in Turkey is the cryptocurrency exchange that supports Hull City, a soccer team that plays in the Premier League.As part of an investigation by the Istanbul Büyükçekmece Chief Public Prosecutor’s Office, 25 people were detained, including Yavuz Usta, the proprietor of the exchange platform Tomya, CoinDesk Turkey reported on Wednesday.
Despite the lack of specific accusations against Tomya, the subject is gaining attention in Turkey due to the company’s association with Hull City, owned by well-known local media figure Acun Ilıcalı.
The nation is getting ready to draft crypto laws, so details about the inquiry are starting to surface.Turkey has sentenced the owners of Thodex, a cryptocurrency exchange that abruptly failed in 2021, to 11,196 years in prison.The adoption of cryptocurrencies in the nation hasn’t slowed down in spite of the Thodex controversy.
It appears that Musa Ekmekçioğlu, an investor, filed a complaint that started the Tomya probe.He said that someone he was introduced to by a Tomya employee conned him out of $211,500.According to CoinDesk Turkey, in addition to Usta, a consultant who briefly collaborated with Tomya was also taken into custody.