Lowyat.NET: Latest topics by TripleStandard Banglasia

Crypto Exchange Founder Disappears with $2 Billion

TripleStandard Banglasia — Sun, 25 Apr 2021 00:19:16 +0800

https://www.tomshardware.com/news/turkish-c...s-2-billion-usd

This is not the first time happen. just beware. hope u all huat.

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The founder of a popular crypto exchange in Turkey has disappeared, with media reports indicating that he has fled the country with $2 billion as roughly 300,000 frustrated users have suddenly lost access to their accounts.

In Turkey, the national currency lira has been in a secular decline for nine consecutive years, urging people to take some risks in a bid to protect their savings and maybe even earn something. As a result, the recent rise of cryptocurrencies predictably attracted many investors who hoped to protect their money and possibly gain some more. But things did not go well for them as Thodex, one of the country's largest cryptocurrency exchanges, went bust.

Governments cannot control cryptocurrencies. As a result, they can quickly rise to an all-time high (or rapidly drop), making them a particularly attractive investment instrument — especially for those willing to take a risk. In Turkey, anyone can establish a crypto exchange with just 50,000 liras (about $6,000) in capital, reports Bloomberg. As a consequence, crypto exchanges are often run by people without proper financial education and serving unqualified investors that do not understand all of the risks.

Thodex was one of the largest cryptocurrency exchanges in Turkey with 700,000 users, many lured in by an introductory offer of 'millions' of free Dogecoins. Apparently, most of those Dogecoins were never distributed.

To make matters worse, media reports say that as many as 391,000 users have now suddenly lost access to their accounts. Following the reports, Thodex "temporarily" closed the platform to address an "abnormal fluctuation in the company accounts."

Meanwhile, Faruk Fatih Ozer, the founder of Thodex, has flown to Albania, taking $2 billion of investors' money with him, reports CNBC (citing local Turkish media). As one would expect, the Turkish Justice Ministry is seeking a so-called "red notice" with Interpol to arrest Ozer.

Thodex denies all the allegations and says that the problem impacts 'only' 30,000 of its clients. The company further states that the inaccurate media reporting has ruined its reputation, making it impossible to continue operations.

"The allegations that [accounts of] 391,000 people disappeared after a loss of approximately $2 billion, which was [reported] to the public on 22.04.2021, are unfounded," a statement by Thodex reads. "It is necessary to make this statement in order to respond urgently to these claims that go beyond the limits of honesty and conscience."

The founder of Thodex vows to return investors' money but hasn't revealed how and when he plans to do it. Meanwhile, a lawyer representing the investors said the money had become "irretrievable," according to Bloomberg.

Beware of These Top Bitcoin Scams
https://www.thebalance.com/beware-of-these-...n-scams-4158112

Pay Attention to These 7 Bitcoin Scams
https://www.thestreet.com/investing/bitcoin-scams-14640202

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{Poll} Today is Earth Day 22 Apr

TripleStandard Banglasia — Thu, 22 Apr 2021 11:48:09 +0800

Earth , 3rd Rock from SUN
Today is Earth Day.

[YOUTUBE]Q6rsZsOMzOk[/YOUTUBE]

EARTH
https://en.wikipedia.org/wiki/Earth

Human impact on the environment
https://en.wikipedia.org/wiki/Human_impact_...the_environment
[YOUTUBE]WfGMYdalClU[/YOUTUBE]

Why THANOS is RE-BALANCING The Universe
[YOUTUBE]1dwrBnRUU6k[/YOUTUBE]

[YOUTUBE]e9dZQelULDk[/YOUTUBE]

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[#03] Accident @ NKVE - 07Apr2021 - 17:43 PM

TripleStandard Banglasia — Thu, 08 Apr 2021 00:18:51 +0800

Really speechless, like that also can hit.

[YOUTUBE]ejAD48ba_rQ[/YOUTUBE]

Accident location - NKVE

Accident - NKVE view

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(Poll) Car overshoot at Kepong.

TripleStandard Banglasia — Thu, 01 Apr 2021 15:43:30 +0800

Bezza VBQ5295
Sei sohai come at 0:28

[YOUTUBE]tMnm-0K7KuI[/YOUTUBE]

I think he should just go straight, already half out, not stopping at middle of the road.
All car and motor must be more careful at traffic light. Green light also have to check left and right before go.

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What to do with this ?

TripleStandard Banglasia — Sun, 28 Mar 2021 21:38:28 +0800

Just change from Unifi 300mbps to Maxis 800mbps yesterday.
Now Phone unlimited quota. lol

note: only Unifi and Maxis available. unifi RM 349, Maxis RM 299

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Accident again - SUKE package AC3 - Alam Damai

TripleStandard Banglasia — Mon, 22 Mar 2021 10:21:17 +0800

SOS cili
https://twitter.com/LimSiChing/status/1373810005191749637

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[Poll] Bingding Ham Ka Ling Escaped !

TripleStandard Banglasia — Fri, 19 Feb 2021 09:55:02 +0800

LOL

[YOUTUBE]zbE_7R345Lw[/YOUTUBE]

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Final Destination

TripleStandard Banglasia — Wed, 10 Feb 2021 09:27:35 +0800

https://www.youtube.com/watch?v=VWCmUQ4vSm0

use link above.

[YOUTUBE]VWCmUQ4vSm0[/YOUTUBE]

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How Elon Musk Actually Became the Richest Man in t

TripleStandard Banglasia — Mon, 08 Feb 2021 22:35:56 +0800

[YOUTUBE]1YDuJOYfdLM[/YOUTUBE]

120Hours a week working.

while Boleh land complain need more tongkat.
blame/complain others this la, that la.

Teen licks freezing pole

TripleStandard Banglasia — Thu, 21 Jan 2021 13:45:01 +0800

[YOUTUBE]FKQ2_Gro60Q[/YOUTUBE]

LOL

You brave to try?

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[2021] A new hope -

TripleStandard Banglasia — Fri, 01 Jan 2021 09:22:52 +0800

Credit to :

https://www.zunar.my/portfolio/kartunzunar/
#kartunzunar

New year New Hope.

Put your wish and hope here and will review again end of 2021.

wish all healthy not kena pothole or Covid-19
hope all wealthy can songlap trillion this year. (not billion, so can sell country to ....... )
wish all traitor mati katak.
hope become 1st/top racist country in the world ( so Helang can Divide and Conquer pipit )
wish Jakim can apply halal and non-halal to moneh. ( not only to trolley, meat, beer, rokok, judi... etc )
hope all can siok sendiri do what ever they want in this boleh land.

[2020 REWIND] Beirut explosion

TripleStandard Banglasia — Thu, 31 Dec 2020 10:42:47 +0800

[YOUTUBE]3s54_MF2XPk[/YOUTUBE]

Shortly after 6 pm on August 4, an explosion devastated the port of Beirut, killing over 200 people and injuring over 6,500 others. Forensic Architecture was invited by the Egyptian online journal Mada Masr to review the available open source information, including videos, photographs and documents, to help provide an accurate 3D timeline and modeling of events.

https://en.wikipedia.org/wiki/2020_Beirut_explosion