Friday (23) a number of foreign media reports, crypto exchange Thodex recently announced a temporary closure, and the founder and CEO Faruk Fatih Ozer (Faruk Fatih Ozer) suspected to abscond with funds, taking away $ 2 billion of investor funds.
Last week, Bitcoin suffered a flash crash, and on Thursday, it was announced that Biden plans to double the capital gains tax, another negative news hit Bitcoin, and on Friday, the price of Bitcoin fell below the $50,000 mark.
Bitcoin price fell below the $50,000 mark on Friday (Photo: Vantage.com)
Turkish cryptocurrency platform Thodex recently announced on its website that it would suspend trading without warning, and the CEO ran away with the money, which led to a lot of talk in the cryptocurrency world.
According to reports, Turkish cryptocurrency exchange THODEX announced its temporary closure without warning last Sunday (18), and the company’s CEO Ozer then disappeared, suspected to have taken $2 billion of investors’ funds and flown to Tirana, the capital of Albania, and Ozer even closed his social media accounts, intensifying the speculation of Thodex users about its fraud allegations.
Thousands of Thodex users have filed complaints against the company, fearing they may not get their hard-earned money (or life savings) back as THODEX users are unable to withdraw their funds and access the platform.
Thousands of Thodex users have filed complaints against Turkish cryptocurrency exchange THODEX
One Thodex user complained, “Turks are investing in cryptocurrencies because they want to hedge their country’s inflation risk, so people are going to lose a lot of money, including me, and I have to do something about it.”
The Turkish government has issued an international arrest warrant for Ozer.
Prosecutors in the country have issued arrest warrants for 78 people and 62 have been detained so far in connection with the criminal prosecution of cryptocurrency exchange Thodex for “fraud and establishing a criminal organization. Turkey’s Financial Crimes Investigation Board (MASAK) suspended all accounts of Thodex and began an investigation.
Thodex responded on its website on Thursday that the company’s accounts were subject to unusual volatility over the weekend and decided to suspend trading to determine the cause. The company’s web services will be closed for about five business days after the completion of the company’s share transfer, but users need not worry about their investments.
Thodex clarified that Thodex CEO Ozer is currently in a meeting abroad and will return to the Turkish Republic and cooperate with the judicial authorities in the coming days.
THODEX, a cryptocurrency exchange founded in 2017 and based in Turkey with about 400,000 users, 390,000 of which are active, is licensed by the US FinCen MSB and is the first global cryptocurrency exchange licensed in Turkey.
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