Federal police in Turkey are investigating Thodex, a cryptocurrency trading platform that handles hundred of millions of dollars in trades every day, after users complained they’d been locked out of their accounts, according to new reports from Reuters and Turkey’s TRT World news service. CEO Faruk Fatih Ozer reportedly fled Turkey on Tuesday and 62 people connected to Thodex have reportedly been detained.
Investigators raided Thodex’s headquarters in Istanbul on Thursday after
“thousands” of people in Turkey filed criminal complaints, according to TRT World. Users have been unable to access money in their accounts over the past three days and federal authorities have issued at least 78 arrest warrants, according to Reuters.
There have been thousands of criminal complaints made in many places around Turkey,” he told Reuters, adding that the platform had 400,000 users, 391,000 of whom were active.
While Reuters reports the CEO had fled to the city of Tirana, Albanian, apparently people at Thodex insist he will be returning to Turkey soon. He’s going to be returning to a lot of pissed off people.