Thodex Cryptocurrency platform Saga unfolds with users locked out of the platform, CEO flees Turkey and police detain more than 60 employees
The Thodex cryptocurrency platform in Turkey is caught up in a storm. The cryptocurrency platform handles hundreds of millions of dollars per day. The saga has been unfolding from last week when Turkey banned cryptocurrencies in the country. On Tuesday, the CEO fled Turkey and is said to be in Armenia. Hundreds of thousands of users said that they were locked out of the platform from the past four days and on Thursday the website was down. On Friday, police detained many employees of Thodex as they launched a probe into the alleged scam. On Friday, early morning raids were conducted at 6 a.m. across eight provinces, Sixty-two people have been taken in for questioning and the Interpol has issued a red notice for CEO Faruk Fatih Ozer, who had flown to Tirana, the capital of Albania, on Tuesday. On Thursday, police had searched the Istanbul offices of the company and had seized a lot of materials after many citizens went on Twitter with complaints about the platform. ...