Turkish crypto exchange founder flees with $2 billion of investors' assets

[Goldlife]

The Turkish authorities have released a photo of Ozer passing through passport control at the Istanbul Airport. Ozer was heading towards an unspecified location. Local media reports have said that he flew either to Thailand or Albania.

Turkish authorities on April 22 launched a probe against an Istanbul-based cryptocurrency exchange founder who froze trading and fled the country. Faruk Fatih Ozer, founder of Thodex cryptocurrency exchange, is reportedly absconding with $2 billion in investors' assets.

On April 21, the Thodex exchange suspended trading after posting a mysterious message. The message said that the firm needed five days to deal with an unspecified outside investment, according to The Straits Times.

The Turkish authorities have released a photo of Ozer passing through passport control at the Istanbul Airport. Ozer was heading towards an unspecified location, as per the daily. Local media reports have said that he flew either to Thailand or Albania.

Thodex website froze after running a promotional campaign in which the firm claimed to sell Dogecoins at one-fourth of their trading price on other cryptocurrency exchanges. It then locked in these investments and did not allow the coins to be converted to other cryptocurrencies or to be sold.

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