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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTurkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him
LONDON A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen.
Thodex, a crypto firm 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.
Local media reports say that Faruk Fatih Ozer, Thodex's founder, has flown to Albania, taking $2 billion of investors' funds with him. Demiroren News Agency published a photo of what it said was Ozer leaving Istanbul Airport.
A lawyer who filed a criminal complaint against Ozer said Thodex had 400,000 users, of which 390,000 were active. However, Ozer has disputed the allegations, saying only 30,000 users have been affected by the situation and that reports about $2 billion of losses are "unfounded."
https://www.msn.com/en-us/money/markets/turkish-crypto-exchange-boss-goes-missing-reportedly-taking-dollar2-billion-of-investors-funds-with-him/ar-BB1fYviR
Oops. I don't get the whole crypto-currency thing other than it's the preferred tender of those who would infect your computer with ransomware.
soothsayer
(38,601 posts)Thats awful, I hope they catch the thief
FakeNoose
(32,823 posts)NOT!
SWBTATTReg
(22,176 posts)What Are NFTs and Why Are They Suddenly Everywhere? | Money
https://money.com/what-are-nfts
Non-fungible tokens are a way for people to buy, sell and trade digital assets theyre passionate about. Abbreviated NFTs, theyve gone mainstream in recent weeks, getting headlines in The New York Times, a $69 million art auction at Christies and even attention from musician Louis Tomlinson. It seems like NFTs are suddenly everywhere.
dawg day
(7,947 posts)They're buying a digital receipt that says they own this meme that's available for free all over the internet. I don't get the reasoning here.
SWBTATTReg
(22,176 posts)thing couldn't happen. Digital currencies have a long long way to go before the vast majority of people trust them. To me, even thought I very briefly thought about getting into decades ago, I was too nervous, being that the rule of all software can be eventually broken into/etc.
dawg day
(7,947 posts)Wonder if Albania will accept him. They've been trying to get into the EU.
Also did he take $2billion in actual money, or a bunch of crypto that will have to be traded?
Can't be tracked if crypto, I guess!
This proves-- Even paranoids have real enemies. They went to crypto to keep their money from being "raided" by taxation and so forth, only to have it truly raided by their finance guy..
Budi
(15,325 posts)Crypto is the tool of thieves