What happened
Thodex a turkish crypto exchange went down with other $2 billion of user funds entangled in massive fraud and mismanagement.
According to a translated statement on the website, Thodex, a crypto exchange that is located in Turkey, stated its platform has been "temporarily stopped" to handle an "abnormal fluctuation in the company accounts."
According to local media, Thodex's founder, Faruk Fatih Özer, has gone to Albania with $2 billion of investors' funds. The Demiroren News Agency published a photo of Ozer departing Istanbul Airport:
https://www.dha.com.tr/gundem/thodexin-kurucusu-faruk-fatih-ozerin-havalimanindan-ayrilirken-fotografi-1822744
The CEO has since declared that he has been close to committing suicide but decided against it. According to his own words, Faruk Fatih Özer, plans to repay all investors before handing himself in to authorities.
Case & protocol details
Post-Incident Timeline
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2022-08-01
The founder of Thodex Fatih Ozer was arrested in Albania and is about to be extradited to Turkey.
Evidence & learning
Sources and on-chain records
- report Report cnbc.com
- report Report dw.com
- analysis Web Archive web.archive.org
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