Turkey’s First City Token was Shocked by the Operation: Statement Came!

Izmir Token set out to become Turkey’s first city token. It received the support of Ocakçı Holding, led by Sedat Ocakçı. Karşıyaka Chief Public Prosecutor’s Office issued a detention order for 30 people, including Sedat Ocakçı. Thus, the token is trying to cope with the scandalous developments around it.

M.Ali Polis, Sedat Ocakçı and performed an operation on his team

The Izmir Token project initially launched with big goals and hopes. In fact, it went on pre-sale on the local crypto exchange Bzetmex on October 29, 2023, representing the 100th anniversary of the Republic. In this process, he received the support of Ocakçı Holding, led by Sedat Ocakçı. However, recent developments have dealt a serious blow to confidence in the project. In today’s development, Karşıyaka Chief Public Prosecutor’s Office issued a detention order for 30 people, including Sedat Ocakçı, one of the figures who play an important role in Izmir’s financial sector.

The investigation is currently being carried out by the Izmir Police Department’s Financial Crimes Department. The investigation revealed quite remarkable results. Allegedly, Sedat Ocakçı, the owner of Ocakçı Holding, promised to invest in people he met with the promise of high profits. A total of 30 people, including Ocakçı, his wife and senior managers, defrauded the participants.

2.5 billion TL was collected from investors for the first city token

Within the scope of the investigation, the Financial Police carried out operations. As a result, the teams raided Ocakçı Holding’s headquarters in İzmir, Çiğli and other specified addresses. During these operations, the police seized important documents and equipment. The prosecutor’s office claims that the suspects deceived citizens with the promise of investing in cryptocurrency and establishing a drone factory. He states that the suspects collected a total of 2.5 billion lira from more than 2,500 people in this way.

According to the news, these individuals sold their assets and became indebted to invest in the city token, Izmir Token. Therefore, it is said that many citizens around the token are victims. Allegedly, Sedat Ocakçı included company employees in this business, as well as external investors.

City Token project made a statement after the operation

Following the developments during the day, the Izmir Token project team made a statement on their social media accounts. The project stated that Sedat Ocakçı, at the center of the operation, was not currently an investor. In this context, the project made the following statement:

Sedat Ocakçı, whose name was mentioned in the news, is one of the seed investors in the pre-sale phase of Izmir Token, which has the feature of the world’s first City Token. However, within the scope of this investment, the Izmir Tokens he owned were transferred by him, as stated before. In this context, there is no other bond or official relationship between Sedat Ocakçı and İzmir Token other than this issue created with the investment. Izmir Tokens, like other tokens, are currencies created on existing Blockchains and publicly circulated.

We respectfully announce to the public and valuable Izmir Token investors that all our activities continue through the local crypto exchange Bzetmex, and that our network is expanding with local and foreign investors every day.