Founder of Turkish Crypto Exchange Flees With $2 Billion of Investors Money
By
Pablo Luna / Saturday, 24 Apr 2021 12:04AM
The founder and CEO of Thodex, a Turkish cryptocurrency exchange, has reportedly fled the country and disappeared with more than $2 billion of investors’ money. Faruk Fatih Ozer’s crypto exchange platform has 400,000 users, with 391,000 being very active, but users were not able to access the platform for close to three days and Ozer was seen by airport officials leaving Turkey to an unknown destination.
Thodex processed thousands of cryptocurrency transactions that amounted to millions of dollars every day, but users raised alarm when they were locked out of the platform and were unable to carry out basic transactions. After the customers filed complaints with police authorities, 62 people with links to Thodex were arrested and placed in police custody.