BTC Turk and Paribu's Bosses Commented on Thodex Incident

BTC Turk and Paribu's bosses commented on the Thodex incident. Paribu's boss Yasin Oral and Btc Turk's owner Özgür Güneri spoke to Hürriyet.

The closure of the systems of the stock exchanges called Thodex, Vebitcoin and Goldexco.in, which have been on the agenda of the last period, is still talked about in the cryptocurrency market. As it will be remembered, the owner of Thodex, Faruk Fatih Özer, defrauded even his brother and fled to Albania, while the owner of VeBitcoin, İlker Baş, was caught and detained in Muğla. As new information about the events emerges every day, the victims wonder if they can get their money. Owners of Paribu and Btc Turk, the most traded cryptocurrency exchanges operating in Turkey, spoke to Hürriyet regarding the issue. Experienced names of the cryptocurrency world answered the curious questions.

Paribu Has Entered The Sector With E-Transport

Yasin Oral, owner of Paribu, one of Turkey's leading cryptocurrency exchanges, explained that he entered the cryptocurrency industry by converting the "Tasiniyorum" initiative, which organizes shipping businesses online, into Paribu. Paribu has millions of members and billions of dollars daily in volume.

Are Spoken Numbers Possible for Thodex?

Clarifying the claims that Thodex's owner Faruk Fatih Özer fled with $ 2 billion, made a monthly volume of $ 18-20 billion and had around 400,000 members, Oral said: "The figures announced for Thodex are not technically possible. It may be unlikely that he took a lot of money. There must be a logical reason to run away. It would be unreasonable to escape in a system where good gains are made. To escape, you technically need to have client assets stolen, have a security vulnerability, or be unable to give assets to the user. Unable to respond to users' requests, he may have bought other coins, but it is too early to comment. " Asked about the fact that users moved their wallets to foreign-sourced cryptocurrency exchanges after the trust in Turkish cryptocurrency exchanges was shaken, Oral said, "There was no sudden exit from Paribu. Before the Thodex and VeBitcoin incident, the situation is exactly the same. There has been an escape from other platforms. Stock exchanges are establishing shell companies in Turkey. They have neither centers nor capital adequacy. They say 3-5 million lira capital, but this is not paid." [caption id="" align="alignnone" width="1279"] Yasin Oral[/caption]

"Thodex and VeBitcoin Incident Was Not Surprising ..."

Regarding Thodex and VeBitcoin scams, flashy advertisements with famous names, and the much talked about cryptocurrency regulation, Yasin Oral noted: "I have always expressed my concerns about small platforms. I told them that there are problems in this area, that if something happens to them, the whole eco system will hurt. The Thodex and VeBitcoin incident was not surprising, it could have been more. Some small companies are showing high volumes. We are the cryptocurrency exchange that has a lot of volume. There are many companies claiming to have a volume close to us. If you have high volume, you have to pay taxes.

Paribu's Technical Problems

"This is something we do not want. Freezes are experienced when the volume increases. 1 year ago, we reached a volume of $ 50-60 million and a volume of $ 1 billion from 1 million. In times of freezing, transactions of $ 2 billion are made with 3.5 million members. Our work continues." "I Do Not Advertise With Celebrities, I Pay Attention To This ..." Regarding Thodex's advertisements with many famous names in the early days, Oral said, "I do not do advertising work with celebrities. I am very careful about this. Misleading advertisements for members create victimization. Cyber ​​attacks are constantly encountered, measures are kept at the highest level. Paribu Teknoloji A. Ş. has paid the full capital of 12 million TL. We will make a big capital increase in May. This capital increase will be made with the decision we have taken before, regardless of the recent events.”

"We Send Suggestions for Cryptocurrency Exchanges"

Oral said, "We are actively negotiating with the relevant institutions of the state. We have forwarded suggestions for cryptocurrency exchanges. We suggested a minimum capital requirement of 100 million lira. Before this event happens, we made a proposal. High capital is required to be strong. Foreign organizations are at least companies with weak capital here. in case of much risk. "

Güneri: To Do This Job, You Need a Very Good Understanding of Risk

Özgür Güneri, owner and CEO of the cryptocurrency exchange Btc Türk, said the following regarding the events of Thodex and VeBitcoin: "As the investigation progresses, the information will emerge. The nature of the work is not fully understood. Those who come out on behalf of the industry, who come from different disciplines comment on Thodex. To do this job you need to have a very good understanding of technology, finance and risk. If you do not, it potentially brings risks. This is a false perception. Our work is brokerage. Let's say you invested 1000 lira, 1000 lira is stored in the bank. The other side put 1000 lira of Bitcoin. We keep it in the wallet too. What we do here is to bring buyers and sellers together and do their trade. " [caption id="" align="alignnone" width="850"] Özgür Güneri[/caption]

"Thodex's Volume is a Lie ..."

Güneri commented on the allegations that Thodex's boss Faruk Fatih Özer fled abroad with $ 2 billion: "$ 2 billion is a lot. I can say that there is no such money because I have mastered the numbers. They think that cryptocurrency exchanges are like a currency exchange. It is as if we are selling Bitcoin. When you want to buy it, it is understood as if we buy it. Thodex's volumes are lies. Even from the outside. An educated person can see it when they look at it. Transaction volume has no financial equivalent. Ecosystem in Turkey is not large. If there was a big move, we would see it. "

Can Victims Get Their Money Back?

As the owner of Thodex fled abroad, many victims began to investigate whether they could get their money back. Güneri said the following on the subject: "There are numbers like 100-150 million dollars as the escaped money. There may be scenarios. There should be 10 Bitcoins, there are 9. There were hacked platforms. They said, 'We stole 20 percent of them, we cut 20 percent from everyone'. It is very difficult to calculate. User assets should be kept in the user account. But they did not use it like that. The interpretation of having financial confidence to do this job is also wrong. I have been working in the financial markets for 30 years. Those interested in finance must once comply with the global definition of a prudent trader. Job we do much easier. We do not carry any risk. " Indicating that BTC Turk has 3.4 million members and a daily volume of around 500-600 million dollars, Güneri stated the following regarding cyber attacks, cryptocurrency exchanges and investors: "It is necessary to evaluate the business from two angles. Cyber ​​attacks are always happening. DDOS attacks are always happening. This is our job, it is our job to prevent it. It is our job to take precautions against attacks. You need to set up your team well. You have money, you have a vision and knowing technology is the only one. We have 750 employees. Many people can think of it as unnecessary. We make investments in many areas from personal security, internal audit, malicious user detection to money business. We have a crowded team."

Are Foreign Organizations Reliable?

Güneri responded, "I am a person who believes in competition, but it is necessary to define competition well. There are conditions we are subject to while serving Turkish citizens and globals. The risks I take cannot be the same as someone else's. I do not find it right for platforms whose headquarters is not known to serve in Turkey. "

What Does Güneri Offer to Investors?

"It is very difficult to understand the cryptocurrency world just by looking at the return and risk. It is necessary to invest with a risk measure that will not disturb the fraudster with a very, medium and long-term perspective. Underlining that the company located in Etiler Akmerkez has 19 million lira fully paid-in capital, Güneri said, "95 percent of Eliptik Yazılım ve Ticaret A.Ş. belongs to me. 100 percent of Liberyum Danışmanlık Bilgi Teknolojileri Tic. A.Ş. belongs to Kerem Tibuk. Technology and Btc Turk are positioned as two separate companies. Kerem Tibuk's father is Besim Tibuk, but Besim Tibuk has no relationship with companies. Kerem is my friend for 30 years. We are establishing a custody company. Both companies are our initiative."