Prosecutors in Istanbul on Thursday launched a probe into Turkish cryptocurrency exchange platform Thodex after its founder shut down its site and reportedly fled the country with as much as $2 billion (€1.7 billion) in investors’ assets. Soon thereafter, Turkish cryptocurrency traders filed thousands of criminal complaints against Thodex after they were unable to access their accounts or withdraw their money deposited with the company. According to local media reports, Ozer, said to be either 27 or 28, had flown either to Albania or Thailand. Thodex denies reports, says mystery deal pendingReports said Thodex has 400,000 members, of whom 391,000 are active in trading. Turkish news agency HaberTurk said Thodex suspended trading after running a promotional campaign that sold Dogecoins at a rebate but did not allow investors to sell.

Source: Egypt Independent April 22, 2021 17:26 UTC