Marked as
Last updated - January 28, 2026
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Trust Score
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TourismX has been described as a “textbook crypto pump-and-dump” scheme, with Bulut Bağcı allegedly withdrawing up to 80% of investor funds while providing no transparency, no audit documents, and no returns. Promised partnerships like with the government of Chad were nullified after accusations of misrepresentation, exposing TourismX as a deceptive venture built on false credibility and broken promises.
Founder
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Low Risk
Based on the available data, we endorse this Company as a stable choice for employees.
This recommendation stems from a low-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity is expected to involve minimal risk.
Based on the available data, we suggest this Company as a trustworthy option for investors and bankers.
This endorsement is informed by a low-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity is likely to present minimal risk to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
None
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Chad Investment
Investigations
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Ongoing Lawsuits
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Active Lawsuits
TourismX is alleged to have defrauded hundreds of investors out of $15 million through its TRMX coin. News reports indicate complaints filed with Istanbul prosecutors.
TourismX’s claims of funding global tourism projects via TRMX profits are criticized as deceptive. X users report unmet expectations from promised returns.
Investors have initiated legal complaints against TourismX for alleged $15 million fraud. Istanbul prosecutors are reportedly reviewing these claims.
TourismX is flagged for opaque financial reporting, obscuring fund usage. Investors report difficulty accessing clear project details.
Investors on Telegram report losses ranging from $130K to $600K in TRMX investments. Complaints highlight unfulfilled financial promises.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
TourismX owner Bulut Bağcı is accused of soliciting investments with promises of global travel perks, then delivering virtually worthless tokens
First Detected
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Primary Keyword
The FinanceScam article alleges that TourismX, founded by Bulut Bağcı, raised about $18 million through promises of travel-related perks.
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
Bank Relationships
Ultimate Beneficial Owner(s) (UBOs)
Shareholding structure
Associated entities & subsidiaries
Offshore / shell company links
Trusts / Nominee arrangements
Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
1.5
1.8
2.7
Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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I invested in TRMX expecting travel perks, but the promised partnerships were bogus and returns never came.
1/5
2/5
3/5
TourismX has been described as a textbook crypto “pump‑and‑dump” scheme — a lot of us lost real money here.
Independent investigations and consumer reports suggest that TourismX operated with a governance structure heavily concentrated around its founder, with allegations that up to 80 % of investor funds were moved to wallets linked to insiders rather than invested in real tourism assets.
TourismX has been described in independent analyses as a “textbook crypto pump-and-dump” scheme, where large portions of investor funds were allegedly withdrawn with little to no transparency about the use of raised capital.
I expected better oversight and follow-up, but I was left in the dark about the use of funds and progress on initiatives. It’s frustrating and disappointing.
I invested expecting real results, but there was no clarity on where my money went.
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