The 27-year-old founder of Thodex, the first crypto exchange in Turkey, disappeared last week. There is widespread speculation that he is fleeing with as much as $2 billion dollars in investors’ cash.
The drama began on April 21, when the Thodex exchange froze trading. A mysterious message appeared on the site saying five days were needed “to deal with an unspecified outside investment.”
CEO Faruk Fatih Ozer closed his Twitter account and deleted all Instagram posts shortly before being photographed at the Instanbul Airport. Turkish authorities released a photo of Ozer at passport control. His destination has not been confirmed, but rumors are that he may have flown to Albania.
The Turkish Justice Ministry, in partnership with Interpol, issued a”red notice” which requests the immediate arrest of the disgraced crypto boss.
Thodex goes Global
Thodex, attracted attention when it was founded in 2017. It was the first crypto exchange with more than 5 cryptocurrencies on its board. They also established the first Bitcoin ATMs in Turkey. Thodex popularity grew quickly with the offerings of new features and innovations. And it became known as the “stock exchange of the first.”
