The founder of Turkish cryptoexchange Thodex was arrested in Albania. Faruk Fatih Özer disappeared in 2021, taking funds from 400,000 users.
- Founder of exchange Thodex arrested in Albania
- Crypto exchange had been accused of scam a scheme that is designed to dupe people out of cash or crypto. in 2021
- El creador se había llevado los fondos de 400.000 usuarios
The founder ofThodexone of Turkey’s largest crypto exchanges that turned out to be an exit scam, was arrested in Albania, according to a Turkish Interior Ministry statement released today and shared by several media outlets.
Faruk Fatih Özer’s exchange suddenly went offline last year, and the founder and CEO fled to Albania, leaving nearly 400,000 members without access to their funds. Users had deposited USD $2 billion in cryptocurrencies on the exchange, the newspaper wrote. Republic today.
Albania’s Interior Minister Bledar Çuçi told his Turkish counterpart that Özer had been arrested in Vlora and his identity was confirmed by biometric results.
The CEO ofHodex Crypto Exchange businesses that allow customers to trade cryptocurrencies for fiat money or other cryptocurrencies. was arrested for allegedly defrauding investors out of $2.7 billion USD.
Following the arrest, the Interpol Department of the General Directorate of Security the term securities refers to a fungible and tradable financial instrument that carries a type of monetary value. initiated extradition proceedings, Turkey’s Interior Ministry said. If the extradition is successful, the executive director of Thodex will be charged with aggravated fraud and forming a criminal organization.
History of a scam
In April 2021, authorities in Turkey arrested 62 individuals in connection with fraudulent transactions on the Turkish exchange of Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. , Thodex.
The arrests were in response to a series of fraud complaints filed against the exchange. Users began filing complaints when they discovered they were unable to withdraw funds.
Before that, a large group of customers from Thodex filed a complaint against the company alleging fraud. . In this regard, the lawyer Oguz Evren Kilic, who represented the users ofThodexThe complaint was filed after users were unable to recover their investments, he said.
As a result, authorities arrested suspects in eight provinces in Turkey . Esto incluyó Estambul, la capital, donde está ubicada la sede de Thodex. Arrest warrants were also issued for 16 other people. Of course, by that time, the leader of the project had escaped.
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