Turkey has now imprisoned six suspects related to the cryptocurrency exchange Thodex, who was accused of export scams. Turkish authorities and Interpol have expanded their search for the CEO of the exchange, who fled the country before shutting down the trading platform to prevent clients from withdrawing funds.
Search expands CEO of Crypto Exchange Thodex
Reuters reported on Thursday that a Turkish court has imprisoned six suspects in connection with the cryptocurrency exchange Thodex, which is suspected of being an export scam.
After its chief executive, Faruk Fatih Ozer (Faruk Fatih Ozer) fled Albania, the exchange suddenly stopped trading. The customer has filed a complaint with the exchange because they cannot log in to their account and withdraw funds.
A spokeswoman for the Istanbul Prosecutor’s Office of Anadolu said that the six suspects sentenced to prison include Ozer’s brothers, sisters and senior company employees, and pointed out that they are awaiting trial. In the past week, at least 83 people have been detained, but most have been released. Seven people were released on Thursday due to judicial control measures.
According to Turkey’s request, Interpol has issued a red notice to the CEO of Thodex. In an interview with NTV this week, Turkish Interior Minister Suleyman Soylu said that Turkey has noticed that Turkey has sent troops to four countries, including Albania, to search for Ozer:
When he got stuck on the red notice, we signed extradition agreements with most of these countries. God who may he be caught may he be returned.
Although users and the media claim that Ozer has US$2 billion in customer funds, Minister Soylu said that the company’s portfolio of assets shows US$108 million.
Thodex is not the only cryptocurrency exchange under investigation by Turkish authorities. Verbitcoin also suddenly stopped trading and is currently undergoing fraud investigations. This week, as part of the investigation into Vebitcoin, four people were sentenced to jail awaiting trial.
The Central Bank of Turkey recently banned the use of cryptocurrencies for payments, but has stated that it does not intend to prohibit the use of cryptocurrencies. The government is now working to establish a regulatory framework for cryptocurrencies.
Do you think Thodex exited the export scam? Let us know in the comments section below.
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