crypto exchange fraud, Exit Scam, missing CEO, missing founder, thodex, Turkey, turkey bitcoin, turkey cryptocurrency, turkish crypto, turkish crypto exchange

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds.

Search Widens for CEO of Crypto Exchange Thodex

A Turkish court has jailed six suspects in connection with the cryptocurrency exchange Thodex which has been accused of an exit scam, Reuters reported Thursday.

The exchange abruptly halted trading last week after its CEO, Faruk Fatih Ozer, fled the country to Albania. Customers have filed complaints against the exchange as they cannot log in to their accounts and withdraw their funds.

The spokeswoman for Istanbul’s Anadolu prosecutor’s office said that the six jailed suspects include Ozer’s brother, sister, and senior company employees, noting that they are awaiting trial. At least 83 people were detained over the past week, but most have been released. Seven were let go on Thursday with judicial control measures.

Interpol has issued a red notice for the Thodex CEO at the request of Turkey. Noting that Turkey has sent units to four countries to search for Ozer, including Albania, Turkish Interior Minister Suleyman Soylu said this week in an interview with NTV:

While users and media claimed that Ozer had run off with $2 billion of customers’ funds, Minister Soylu said the company’s portfolio shows $108 million.

Thodex is not the only crypto exchange being investigated by Turkish authorities. Verbitcoin also halted trading abruptly and is currently being investigated for fraud. This week, four people were jailed pending trial as part of an investigation into Vebitcoin.

The Turkish central bank recently banned the use of cryptocurrencies for payment but has indicated that it does not intend to ban cryptocurrencies. The government is now working on establishing a regulatory framework for cryptocurrencies.

Do you think Thodex pulled an exit scam? Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Du lịch nhật bản, hướng dẫn du lịch Nhật và đánh giá địa điểm Nhật Bản Japan travel news, japan travel guides, japan holiday destinations and japan reviews

RELATED NEWS

Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds. Search Widens for CEO of Crypto Exchange […]

Xem chi tiết: Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

The Turkish government has updated the country’s cryptocurrency regulation following the banning of cryptocurrencies for payments and failing crypto exchanges. Published in the Official Gazette on Saturday, the new rule adds crypto trading platforms to the list of entities covered by anti-money laundering (AML) and Combating the Financing of Terrorism (CFT) regulations. The Official Gazette […]

Xem chi tiết: Turkey Updates Cryptocurrency Regulation Amid Payments Ban and Collapsing Exchanges

Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

The Turkish government is reportedly creating a regulatory framework for cryptocurrencies after two crypto exchanges in the country abruptly halted trading and are now being investigated for fraud. The government is reportedly planning to establish a central custodian bank among other initiatives. The Turkish government is working on cryptocurrency regulation. Bloomberg reported on Tuesday that […]

Xem chi tiết: Turkey Drafting Crypto Regulation — Central Bank Says No Intention to Ban Cryptocurrencies

2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish […]

Xem chi tiết: 2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish […]

Xem chi tiết: 2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused […]

Xem chi tiết: Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused […]

Xem chi tiết: Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

The Central bank of the Republic of Turkey has issued a cryptocurrency regulation prohibiting the use of cryptocurrencies for payments of goods and services. From the end of this month, crypto assets cannot be used directly or indirectly as a means of payment in the country and no service can be provided for this purpose. […]

Xem chi tiết: Turkey Bans Cryptocurrency Use for Payments as Local Currency Plunges

Another Binance Smart Chain Project Turtledex Rug Pulls With Tokens Worth $2.5M Confirmed Stolen

Turkish Police Dismantle Massive Chinese Crypto Scam That Held 101 Hostages

Russian Crypto Exchange Shuts Down Amid Accusations of Exit Scam

Turkey to Pilot Digital Currency in 2021, Says Central Bank Governor

Bitcoin Hits $500K on Russian Crypto Exchange After Hackers Take Control — Users Cry Exit Scam

CEO of MTI Bitcoin Ponzi Scheme Flees South Africa in Possible Exit Scam – Funds Blocked

Crypto Founder Faces 10 Years in Prison Over Millions of Dollars in Exit Scam Without Paying Taxes

Sharktron Defi Project Devs Exit Scam: Tron Foundation Says Part of Missing Funds Now Frozen