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Turkey issues an international arrest warrant for the founder of the cryptocurrency trading platform Thodex |  abroad

Turkey issues an international arrest warrant for the founder of the cryptocurrency trading platform Thodex | abroad

Today, Turkey began procedures to issue an international arrest warrant against the founder of the Turkish cryptocurrency trading platform Thodex. Farouk Fatih Auseer hid with $ 2 billion (nearly 1.7 billion euros) of investor assets.




Today, the police arrested 62 suspects in eight Turkish cities, including Istanbul. Thodex is headquartered there. Sixteen suspects remain at large. The CEO and founder of the crypto platform, Farouk Fateh Ozer, has not been found.

On Wednesday, the platform announced the suspension of stock exchanges for a period of four or five days. It wasn’t long after the site was rendered inaccessible. Hundreds of thousands of users have since lost access to their digital wallets. Thodex has been home to no less than $ 2 billion. The founder fled to Albania with the money, according to local media.

On Thursday, the Public Prosecutor opened an investigation with Farouk Fateh Ozir on charges of “widespread fraud and founding a criminal organization.”

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Cryptocurrencies are growing rapidly in Turkey. Many Turks hope to protect their savings from inflation and currency instability. The Turkish lira is down 10 percent against the US dollar this year.

The problems with the platform come a week after Turkey’s central bank decided to block payments in cryptocurrencies from April 30. Transaction risk will be very high.