Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him [View all]
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.
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