Topic: Thodex: Turkish Crypto Exchange Owner Runs Off After Stealing $2 Billion - page 2. (Read 426 times)
April 25, 2021, 10:30:39 AM
We still don't have the complete story here as we are seeing different stories coming from different sources. Some news sources pointed out that out of the 391,000 users Thodex has only around 30,000 of its users are affected by it and some reports are saying that Thodex itself has all of its bank accounts frozen as ordered by the authorities. I'm guessing that the Turkish users have a better chance of recovering all of their money as compared to what happened with Gerald Cotten and his QuadrigaCX where he took all of their money down to his grave.
April 25, 2021, 08:45:31 AM
Another crypto exchange just closed down. Turkish media said Faruk Fatih Ozer ran off to Albania stealing $2bn from over 391,000 investors that used his Thodex crypto exchange.
Turkey has issued an international arrest warrant for the founder of Thodex and they arrested 62 people in eight different Turkish cities because they had links to Faruk Fatih Ozer but he claimed to be in Albania for business meetings. Interpol issued a red notice for Faruk Fatih Ozer on Friday 23rd April 2021.
Turkish authorities have asked Albania to arrest and extradite Faruk Fatih Ozer from the Tirana, Albania.
Nearly 400,000 users of Thodex will suffer now. They inadvertently brought the Lira rate to $1 = 8.38 TRY with increasing inflation damaging the economy, many invested in Bitcoin and the economical situation worsened and now nearly 400,000 of them are probably not going to see their funds again.
I wonder if any of the Turkish members here used Thodex, I hope they have not lost funds. Turkish authorities are coming down hard on crypto exchanges. They already forced the closure of Vebitcoin last week and this could have played a part in Faruk Fatih Ozer to steal the funds and leave the country.
Here are some links giving much more details:
https://www.bbc.co.uk/news/world-europe-56865119
https://www.bbc.co.uk/news/world-europe-56871403
https://www.dailysabah.com/business/finance/collapses-of-exchanges-vs-turkish-crypto-boom
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