On July 2nd, the two founding members of Turcoin — the self-proclaimed national cryptocurrency of Turkey — were arrested. This comes only a few weeks after local news outlets reported the project to be a Ponzi scheme.  The company Hipper, headed by Muhammed Satiroğlu and Sadun Kaya, launched Turcoin last year — supported by efforts of Turkish politicians looking to establish a national cryptocurrency. The Istanbul-based company had already sparked concern after giving away luxury carsRead MoreThe post Turcoin Founders Arrested Following Ponzi Scheme Bust appeared first on Bitcoinist.com. For Further Information Click on Below Button