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Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him

Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him



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12 Comments

  1. I mean there still a chance be pops back up in east Asia? Turkey banned the exchanges from the country starting on the 30th. As a leader of one of those businesses I wouldn’t stick around that place after that.

  2. tldr; Turkish cryptocurrency exchange Thodex is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen. Local media reports say that Faruk Fatih Ozer, the company’s founder, has flown to Albania, taking $2 billion of investors’ funds with him. Ozer has disputed the allegations, saying only 30,000 users have been affected.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  3. This is the best tl;dr I could make, [original](https://www.cnbc.com/2021/04/23/bitcoin-btc-ceo-of-turkish-cryptocurrency-exchange-thodex-missing.html) reduced by 87%. (I’m a bot)
    *****
    > Thodex, a crypto platform based in Turkey, said its platform has been "Temporarily closed" to address an "Abnormal fluctuation in the company accounts," according to a translated statement on its website.

    > Britain's financial services watchdog warned in January that crypto investors "Should be prepared to lose all their money" due to the "Very high risks" associated with them.

    > Crypto investors believe the industry has matured a great deal over the years, however.

    *****
    [**Extended Summary**](http://np.reddit.com/r/autotldr/comments/mwyk0r/turkish_crypto_exchange_boss_goes_missing/) | [FAQ](http://np.reddit.com/r/autotldr/comments/31b9fm/faq_autotldr_bot/ “Version 2.02, ~572546 tl;drs so far.”) | [Feedback](http://np.reddit.com/message/compose?to=%23autotldr “PM’s and comments are monitored, constructive feedback is welcome.”) | *Top* *keywords*: **crypto**^#1 **investors**^#2 **Thodex**^#3 **Ozer**^#4 **cryptocurrency**^#5

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