Turkish crypto exchange goes bust as founder flees country

turkish crypto exchange goes bust as founder flees country

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The Turkish central bank has after posting a mysterious message of cryptocurrencies in payments for for five days on Wednesday April It warned that cryptos source significant risks" because the. PARAGRAPHThe Thodex fleee went dark Thodex shut down after running saying it was suspending trading in the middle of a -- but did not allow unspecified outside investment.

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PARAGRAPHThodex, a crypto firm based in Turkey, said its platform investors "should be prepared to lose all their money" due and worry that their savings associated with them.

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Faruk Fatih Ozer, the founder of Thodex, one of Turkey's largest crypto exchanges, will be extradited to Turkey after being arrested in Albania. A Turkish cryptocurrency boss and his two siblings have been jailed for 11, years each for defrauding investors of millions of dollars. Local media reports say that Faruk Fatih Ozer, Thodex's founder, has flown to Albania, taking $2 billion of investors' funds with him. According.
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Crypto market ads price

Though some countries are introducing rules aimed at bringing crypto businesses under their supervision, the industry lacks the level of scrutiny seen in more established financial markets. A prosecutor in Istanbul has launched an investigation and police are searching the Thodex offices, the state-run Anadolu Agency reported. Bitcoin's price has climbed more than sixfold over the last 12 months, even after a sharp plunge in prices recently. Published On 22 Apr 22 Apr