As the Search for Thodex CEO deepens, the Turkish authorities have now jailed six suspects connected to the cryptocurrency exchange Thodex. Recall that Thodex exchange was accused of exit scam and since then the Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds.
As Search For Thodex CEO Widens
According to Reuter, Thursday, Turkish authorities have arrested and its court jailed six suspects in connection with the Thodex cryptocurrency exchange, which has been accused of an exit scam.
The exchange was reported last week to exit a scam while its CEO, Faruk Fatih Ozer, fled the country to Albania. Upon being denied access to withdraw their funds from the exchange, Thodex customers have filed complaints against the exchange.
According to the spokeswoman for Istanbul’s Anadolu prosecutor’s office, the six jailed suspects include Ozer’s brother, sister, and senior company employees. She also noted that they are awaiting trial. She disclosed that at least 83 people were detained over the past week, but most have been released. Seven were let go on Thursday with judicial control measures.
Measures to finding Ozer
Turkish Interior Minister Suleyman Soylu revealed through an interview with NTV. revealed that the Turkish authorities have sent units to about four countries including Albania to help search for Ozer. The authorities have requested the help of Interpol also and it has issued a red notice for the Thodex CEO.
“When he is caught with the red notice, we have extradition agreements with a large part of these countries. God willing he will be caught and he will be returned,” the minister said.
Thodex customers and the media are claiming that the company’s CEO has run off with $2 billion. However, Minister Soylu said the company has $108 million in its portfolio.
Crypto Community Reactions
As usual, there are diverse responses and reactions following the exit scam. some were regretting their loss while others are suggesting measures to mitigate such loss in the future. Some suggest that the only way to secure cryptocurrencies are with hardware wallets.
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