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

[Kurve]

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!

'The victims are panicked': Turkish crypto exchange founder flees with reported $US2b in investor assets

Turkish prosecutors are investigating after the Istanbul-based founder of a cryptocurrency exchange shut down his site and fled the country with a reported $US2 billion in investors' assets.

www.abc.net.au

 

[Power Raid]

probably laundered through crown casinos by now

 

[HAPPY BUDDHA]

27 year old self made billionaire. Not bad.

 

[Kwality]

27 year old self made billionaire. Not bad.

FTX chief executive Sam Bankman-Fried apologises to staff, investors on Twitter after cryptocurrency exchange's sudden collapse​

The chief executive of cryptocurrency exchange FTX has taken to social media to say he was at fault after revealing the company's swift and sudden downfall.

Key points:​

• FTX chief Sam Bankman-Fried tweeted he "should have done better" after the exchange's sudden collapse
• A rescue deal with its arch-rival, Binance, has fallen apart
• Sources say the Department of Justice and the Securities and Exchange Commission are now investigating

Its collapse has sent shock waves through the crypto world, with FTX head Sam Bankman-Fried now seeking some funds from other funds, including current investors in FTX such as venture capital fund Sequoia Capital, according to Reuters sources.

Those sources said Mr Bankman-Fried has discussed raising the funds from crypto token Tron founder Justin Sun, rival exchange OKX and stablecoin platform Tether.

However, it was not clear whether he would be able to raise the funds he needed and whether those investors would participate.

Tether's chief technology officer, Paolo Ardoino, tweeted that it had "no plans to invest in or lend assets to FTX".

Crypto boss asks rivals for $1 billion after company collapses and tells Twitter followers 'I am sorry'

Cryptocurrency exchange FTX is now being investigating for potential security violations after the company's swift downfall.

www.abc.net.au

 

[Hojuman]

They found this lass yet ?

 

[Kwality]

Mercedes F1 team suspends deal with troubled crypto sponsor FTX​

Mercedes suspend F1 deal with troubled crypto sponsor

Mercedes have suspended their F1 sponsorship deal with crisis-hit cryptocurrency exchange FTX and has removed the company’s logos from the team’s cars.

www.crash.net

“As a first step, we have suspended our partnership agreement with FTX,” a Mercedes spokesperson said on Friday.




“This means the company will no longer appear on our race car and other branded assets from this weekend. We will continue to monitor closely the situation as it evolves.”

Mercedes signed the sponsorship deal with FTX in September last year amid a recent influx of crypto sponsors in F1.

Red Bull signed a record $150m sponsorship deal with Bybit earlier this year, while Ferrari, Alpine, McLaren, Aston Martin, AlphaTauri and Alfa Romeo also have crypto partners.

 

[PoppedCorn]

Not your keys, not your crypto

SBF lent near on 10 bill of FTX members crypto to Alemeda and they traded it