In 2024, Torum — once promoted as the social network for crypto enthusiasts — collapsed in one of the most dramatic failures the crypto community has seen in years. What began as a promising ecosystem of SocialFi, NFTs, and a “revolutionary” crypto debit card ended in investigations, lawsuits, frozen funds, and thousands of victims worldwide.

But this story is not only about the fall of a platform. It’s also about the people who defended it blindly, attacked anyone who questioned it, and then vanished when the truth finally surfaced.

I know this story well — because I was one of the first to warn the community, and I was treated as a “hater” for doing so.

🚨 What Really Happened to Torum?

By early 2024, Torum began showing clear signs of collapse:

• Users couldn’t withdraw funds

• Balances disappeared

• Support stopped responding

• The debit card program failed

• The platform became inaccessible

The core of the disaster was Torum’s crypto debit card, which promised users the ability to deposit funds (crypto or fiat) and spend them anywhere. But investigations revealed a brutal truth:

Torum did not have the funds it claimed to hold.

Evidence suggests:

• A Ponzi-like structure

• New deposits used to pay old withdrawals

• No real liquidity

• Misrepresentation of financial security

When withdrawals froze, the entire scheme fell apart.

⚖️ Yes — It Became a Criminal Case

The U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Torum and its founders, Rashad Alikhanov and Turgay Akyol, accusing them of:

• Fraud

• Selling unregistered securities

• Misleading investors

• Misusing customer funds

The SEC estimates over $100 million was taken from investors in the United States alone.

Criminal investigations followed, involving:

• Securities fraud

• Bank fraud

• Conspiracy

• International jurisdiction issues

The founders reportedly fled or became subjects of international investigation.

Torum’s website and apps went dark. The project died overnight.

🛑 But Let’s Talk About the “Crypto Knights” of Publish0x

During Torum’s peak, several writers on Publish0x acted like evangelists for the project:

• defending Torum aggressively

• attacking anyone who questioned it

• silencing criticism

• labeling skeptics as “haters”

• promoting the debit card as “safe” and “revolutionary”

Where are they now?

Silent. Gone. Pretending they never supported Torum. Pretending they never insulted those who warned them. Pretending they were “victims” instead of enablers.

Some of these people built reputations as “crypto experts,” but when the truth came out, they disappeared — because their credibility collapsed with the project they defended.

🧩 My Role in This Story

Long before the collapse, I:

• reported the suspicious activity

• documented user complaints

• exposed inconsistencies

• warned the community

• and filed a formal complaint with the SEC, with evidence

I wasn’t guessing. I wasn’t spreading fear. I was pointing at facts.

But instead of listening, many chose to attack me. They preferred fantasy over reality. They preferred hype over truth.

And now?

The truth is undeniable.

🌑 Three Things Cannot Be Hidden Forever

There is an old saying:

Three things cannot be hidden forever: the sun, the moon, and the truth.

Torum tried to hide the truth. Its defenders tried to silence it. But reality always wins.

📌 Final Thoughts

The fall of Torum is not just a failure of a crypto project. It is a lesson:

• Blind loyalty is dangerous

• Hype can be toxic

• “Experts” can be wrong

• Criticism is not hate

• Transparency matters

• And truth always comes out — eventually

If you lost money in Torum:

• report it to your local authorities

• contact the SEC if you are a U.S. investor

• gather all evidence you have

• and never again trust a project just because influencers say it’s safe

Crypto needs accountability, not cheerleaders.

And Torum’s collapse is a reminder that the community must learn to question — not worship.