Travel agents in Turkey have a lot to answer for.
A new travel agency that allows travelers to pay via a credit card to travel to the US, via an online service, has reportedly been swindled out of a whopping $11.3 million in bitcoin, the cryptocurrency used to purchase goods and services on the Internet.
Dubbed TurkeysTravel, the agency claims to be a trusted travel agency.
But the website for the company, called Turkeys, indicates that the company is no longer legitimate, according to a report by The Verge.
TurkeysTravel was set up in July 2018, and a website listing the company’s locations says it was registered on December 20, 2018, but was not operational for six months.
The Verge’s report said the website, which is now hosted on Github, contained a number of links to other sites that had been shut down, including a link to a “travel agency scam site,” which listed a list of hotels in Turkey with no reservations.
In a statement to The Verge, Turkeys said that the fraudster responsible for the scam was not the company itself, but a member of its customer service team.
Turkeys also noted that a separate company was involved in the scam, which resulted in the company losing over $11,000.
The website that allegedly led to the scam also included an advertisement for a hotel in the US.
TurksTravel also stated that it was unable to verify the identity of the company that was responsible for running the site.
Turms, which operates out of Chicago, Illinois, does not appear to be affiliated with any hotel in Turkey.
TuransTravel did not immediately respond to a request for comment from The Verge seeking further comment.
A representative from the Chicago-based travel agency told The Verge that it is investigating the incident.
“The fraudulent claims made against Turkeys Travel were false,” the representative said.
“We have contacted the FBI, the US Attorney’s Office in Chicago, and the TurkeysBusiness Fraud Unit to assist in our investigation.
We will be making a statement in the coming days.”
Turkeys Travel, however, claims to operate independently of the hotel it listed in the advertisements, and is currently working on securing new credit cards for its customers.
The company said that it has secured more than $1 million worth of credit cards in Turkey, which it is also working on, but it did not provide a breakdown of how many of the cards were secured.
In the past, travelers have used Bitcoin to pay for trips overseas.
According to CoinDesk, the amount of bitcoin spent on Bitcoin-based trips worldwide has exceeded $30 billion in 2016.
Bitcoin has long been used for online shopping and for travel, as it can be used to pay fees, which are typically a portion of the cost of a trip.
The currency also can be transferred to any other digital currency, such as the Bitcoin Cash cryptocurrency, which has recently become the second-largest cryptocurrency after Bitcoin.
Travel agents are usually required to disclose to prospective customers that they do not have access to any bitcoins and that they must use cash to make travel arrangements.
The Economist recently reported that bitcoin-based flights have been banned in the United States.
Travel agency Turkeys in the past had faced similar problems, including one case in which it was accused of being involved in a fake hotel scam, but that was dismissed by the US government.
The Economist noted that the agency did not have any bitcoins in the bank, so the fraud was not detected.
A statement from Turkeys was posted to the company website: “While we cannot provide you with the exact amount of money stolen or lost, we can provide you information on what was stolen.
The money was taken from TurksTravel account by a third party, the company says.
We can confirm that the funds are safe.”