Current Founder of crypto exchange Thodex has fled with $2.6B of investors assets

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Dec 27, 2016
AFL Club
Western Bulldogs
Out of Turkey but might be interesting to see how long Ozer can last and how it's eventually resolved.

Turkish prosecutors have opened an investigation after the Istanbul-based founder of a cryptocurrency exchange shut down his site and fled the country with a reported $US2 billion ($2.6 billion) in investors' assets.

The Thodex website went dark after posting a mysterious message saying it was suspending trading for five days on Wednesday (local time) because of an unspecified outside investment.

It had first lured investors in by pledging to distribute luxury cars through a flashy advertising campaign featuring famous Turkish models. The platform then launched its Dogecoin drive. His timing was good as the local lira is in the middle of a sharp decline with Turks wanting to preserve their savings.

Then pouffe!


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