Another Turkish crypto exchange, Vebitcoin, halts trading, causing second shock in crypto markets

“Recent developments in the cryptocurrency sector have led to an intensity in our transactions. This causes delays in responding to your withdrawal requests and support emails. Your transactions can take longer than expected. FYI,” Vebitcoin said in a statement.

On Thursday, Turkish-based crypto exchange Thodex abruptly shut down trading activities on its platform, causing panic among the users.

Allegedly, Thodex CEO Faruk Fatih Özer left the country last evening and deleted his social media accounts.

One estimate put the locked-up funds at between $2-10 billion. (ILKHA)