Thodex crypto exchange’s CEO arrested for allegedly defrauding | Crypto ▪︎ Bitcoin ▪︎ Trading ▪︎ News
Thodex crypto exchange’s CEO arrested for allegedly defrauding investors of $2.7 billion
The founder of Turkish cryptocurrency exchange Thodex Fatih Özer has been arrested in Albania following his 2021 disappearance with funds belonging to roughly 400,000 users. Following the arrest, extradition procedures have been initiated by the Interpol Department of the General Directorate of Security, Turkey’s Interior Ministry said in a statement published on August 30. Özer is accused of disappearing with about $2.7 billion in user funds back in April 2021, when Thodex was considered one of the largest crypto trading platforms in the country. The exit scam was initiated at a period when Bitcoin (BTC) and the general crypto market were experiencing a bull run.
