Confusion reigned about how many users of the Thodex exchange were affected and how much money was at stake. Last Friday, the volume of trade in Turkish crypto markets tripled to over US$1.2 billion from a week earlier, according to data published by coingecko.com, which tracks data on price, volume and market value on crypto markets. That compares with an average daily trading volume in the Turkish stock market’s benchmark index of about US$3.1 billion. “One can establish a crypto exchange with just 50,000 liras (about US$6,000) in capital,” Oguz Evren Kilic, a lawyer representing Thodex users, said by phone. “The day I repay all my debt, I will return to my country and give myself in to justice.”

Source: The Edge Markets April 22, 2021 16:41 UTC