Local media reports say that Faruk Fatih Ozer, Thodex s founder, has flown to Albania, taking $2 billion of investors funds with him. Demiroren News Agency published a photo of what it said was Ozer leaving Istanbul Airport.
A lawyer who filed a criminal complaint against Ozer said Thodex had 400,000 users, of which 390,000 were active. However, Ozer has disputed the allegations, saying only 30,000 users have been affected by the situation and that reports about $2 billion of losses are unfounded.
According to Anadolu Agency, Turkish authorities have now issued an international warrant seeking Ozer s arrest. Police have detained 62 people in eight cities including Istanbul, the state-run news agency said.
Bitcoin Continues to Fall, BTC Price Veow $50K Now, Crypto Market Market Loses $260B in 24 Hours
4 hours ago by John K. Kumi · 3 min read
Photo: Depositphotos
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The market pull-back may also be linked to the possible cryptocurrency market crackdown caution that is probably scaring off some investors.
Following the recent bull-run of the crypto market led by Bitcoin, Ethereum, and Binance coin, the market has undergone a correction pushing the smaller market cap coins down the price curve. Bitcoin has after hitting its highest price of $64,000 fell marginally and significantly over the past few weeks, having dropped by 11% in the last 24 hours and 21% in the last 7 days. Its price performance in the last month has also been negative with a 14% loss of value.
Investors Lose Over $260 Billion As Bitcoin Crashes insidebitcoins.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidebitcoins.com Daily Mail and Mail on Sunday newspapers.
This wiped out more than $200 billion of value from the entire cryptocurrency market, according to data from CoinMarketCap. The market has run up quite a bit overall, and it s probably cooling off before the next leg up, Vijay Ayyar, head of business development at cryptocurrency exchange Luno, told CNBC by email.
President Biden is expected to raise long-term capital gains tax for the wealthiest Americans to 43.4%, including a surtax. That would be higher than the top federal tax rate on wage income. The new tax rate would apply to returns on assets held in taxable accounts and sold after more than a year.