The investigation, which began in February, against a local cryptocurrency exchange, Bitrota, has moved to the judicial stage. Bitrota executives face up to 10,000 years in prison for defrauding investors.
The trial process of the suspects of the cryptocurrency exchange Bitrota has begun
As part of the lawsuit filed against the cryptocurrency exchange Bitrota, the defendants began to appear in court. New information has emerged about what happened at the trial. The statements of defense attorney Kenan Altun were remarkable.
It is claimed that people who are among the Bitrota scams operate in the crypto money market and collect large amounts of money from users. Allegedly, the company carried out illegal transactions during its activities and victimized hundreds of investors.
Kenan Altun, who acted as the defense attorney of the stock market at the hearing at the 5th High Criminal Court, said:
Although I am here as a defendant, I am here because of my honesty and dedication to my work. My exchange is still open for trading. I was the company’s software manager. Hasan Özkan was looking at the finance department. No account deletion. Which victim closes the market where his grievance will be remedied? It is the unleashing of some provoked people on me. In July 2021, I learned that users had Turkish lira withdrawal requests. I saw that there was not enough money in the account. I called Hasan Özkan because he was abroad. I told him to withdraw 4 million 500 thousand liras from the company account in order to raise capital and deposit it into the system in order to meet the withdrawal requests of the users. Unfortunately, this money was not sent to the account. Later, I learned that Hasan Özkan had withdrawn 11 million 600 thousand liras from the system. Right after that, I filed a criminal complaint against Hasan Özkan in September 2021.
“There is no reason to defraud users”
During the trial, the suspects’ lawyers also continued to defend their clients and tried to refute the allegations. The litigation process will continue to progress as the prosecution and defense attorneys present the evidence and arguments. Defense attorney Altun says that 3 investors reported 50 million lira of victimization, but this is not true.
In his defense, Altun said, “They never talk about the number they took. “The reason for my users’ grievances is that the value of the coin has dropped too much,” he said.
Altun later said, “My users are victimized by my detention. In the expert report, it is said that 532 people lost a total of 54 million liras. In my stock market on average, 1532 people, not 532, may have withdrawn less money than they had deposited, and may not have made a profit. There is both profit and loss in this business. I haven’t kept this stock market open for fraud for 18 months. Other exchanges will also open. Even though I was in prison, I kept my stock market open under difficult conditions. It will not be closed after it is released, and no user is and will not be a victim,” he claimed that his stock market was undermined.
Up to 10,000 years in prison for cryptocurrency exchange executives
Istanbul Anatolian Chief Public Prosecutor’s Office has prepared an indictment against 10 defendants, one of whom is imprisoned, who allegedly defrauded investors through the cryptocurrency exchange “Bitrota”.
In the indictment, 10 defendants, including the partners of the system Kenan Altun and Hasan Özkan, are charged with “fraud through information systems, banks or credit institutions” and “fraud within the scope of the company’s activity as a company manager”.
In addition, a total of 3,724-10,640 years of imprisonment are demanded for crimes committed against 532 victims. Kenan Altun and Hasan Özkan are also facing prison sentences of up to 7 years for “laundering of property”. cryptocoin.com In this article, we have included a new coin scam that occurred in April.
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