People who issued fake coins using the name BJK to take advantage of the popularity of fan tokens were caught. Details of the operation, in which those behind the project, which is only one of the many frauds in the Bitcoin and altcoin market, were caught. Here are the details…
Details of the fraud affecting the Turkish Bitcoin market emerged
cryptocoin.com As we have also reported, in the past months, there were crypto money fraudsters targeting Beşiktaş Gymnastics Club. According to the information in the mainstream media, Emre A., 37, and website designer Kaan G., 36, were behind the fraud project in question. The duo opened an independent website from Beşiktaş. Thus, they also targeted some people who wanted to enter the crypto market, especially Beşiktaş fans.
Operations against the site in question began five months ago, when Beşiktaş Gymnastics Club became a complainant and a plaintiff. The site was shut down, thus preventing Beşiktaş fans and thousands of people from losing money. Allegedly, some people were defrauded by losing their money. However, they did not complain because the amounts were low. The Istanbul Police Department Anti-Cyber Crime Department Police detained Emre A. and Kaan G.
As a result of the investigation by the authorities, two mobile phones and three laptop computers were found in the duo’s home. In addition, a sim card, an external memory and an external disk were examined. There was also an unlicensed pistol. The duo was sent to the courthouse after legal proceedings. As of writing, they have been released.
The rise of fan tokens
Behind the scammers targeting Beşiktaş fans is the increased interest in fan tokens in the cryptocurrency market. Fan tokens are a type of cryptocurrency designed to provide membership benefits to fans of sports teams, groups, and some organizations. Fan token holders often have membership benefits such as access to exclusive content, rewards, experiences, and voting rights on club decisions.
The market cap for fan tokens is quite modest. As of September 2022, SS Lazio has a market capitalization of $66 million, and Alpine F1 Team’s fan token has a market value of $50 million. On the other hand, there is PSG with a market cap of $29 million. By comparison, Bitcoin’s market cap is over $380 billion and Ethereum’s is $200 billion.
However, these tokens almost never come out quietly. In other words, you can follow the team’s official social media accounts if a fan token of your team is released. If there is no official statement, you should consider the possibility that it is a scam before investing money in a fan token project.
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