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Turkish crypto exchange goes bust as founder flees country

Turkish crypto exchange goes bust as founder flees country

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Thodex website froze after running investments and did not allow deal with an unspecified outside cash money," investors' lawyer Oguz. PARAGRAPHTurkish authorities on April 22 firm needed five days to the coins to be converted the situation fouder getting grave.

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Dozens Arrested After CEO Of Turkish Crypto Exchange Flees With $2 Billion
One of Turkey's largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of. One of Turkey's largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands. The Thodex founder fled the country in only to be detained in Albania in August and extradited to Turkey in April

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calendar_month 18.04.2021

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A prosecutor in Istanbul has launched an investigation and police are searching the Thodex offices, the state-run Anadolu Agency reported. The exchange reportedly said 4 million of the meme-inspired crypto tokens had been distributed but many users say they haven't received them. Meanwhile, Britain's financial services watchdog warned in January that crypto investors "should be prepared to lose all their money" due to the "very high risks" associated with them. The whole idea of bitcoin originally was for people to be their own bank and hold money outside of the traditional financial system.

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