TRENDING NOW: Tesla 'boat mode' video shows electric cars wading through flood water

Turkey crypto exchange founder flees country with $2 billion

Turkish cryptocurrency exchange goes offline, CEO is missing with $2 billion -- investors and crypto holders are sh*tting bricks.

Published Sat, Apr 24 2021 8:23 PM CDT   |   Updated Wed, May 19 2021 8:52 PM CDT

Turkish cryptocurrency exhcange Thodex is offline and its CEO and founder has fleed the country with $2 billion of investors' money and people are (rightfully) very, very pissed off.

Turkey crypto exchange founder flees country with $2 billion 03 |

Thodex founder and CEO Faruk Fatih Ozer has reportedly flown to Albania, with a picture of what is purportedly Ozer leaving the Instanbul Airport posted by local media Demiroren News Agency. Thodex has 400,000 users where 390,000 of those users were active -- according to a lawyer who filed a criminal complaint against Ozer.

Ozer has of course denied allegations of the situation, saying that just $30,000 users have been affected by what's going on and that the claims of $2 billion in losses are simply "unfounded". Thodex users by the droves have been filing complaints against the crypto exchange, obviously worried that their money -- and in many cases -- life savings have been flushed down the toilet.

Many Turkish citizens have been putting their money into various cryptocurrencies, and on Thodex obviously, as a way of protecting their money from skyrocketing inflation and the weakening of the local Tuskish lira.

Buy at Amazon

Catch Me If You Can

TodayYesterday7 days ago30 days ago
* Prices last scanned on 7/27/2021 at 4:48 pm CDT - prices may not be accurate, click links above for the latest price. We may earn an affiliate commission.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles