The news of the “$ 2 billion profite” allegedly carried out through the Turkey-based crypto money exchange Thodex found wide coverage in mainstream media outlets. In the research conducted by the leading names of the ecosystem, it was claimed that the mentioned amount was around 150 million dollars, not 2 billion dollars.
In the news published on the Muhabbit website on April 25, Dr. It was stated that Aytunç Yildizli calculated the amount kept in Thodex account and allegedly “missed” by the CEO as 150 million.
What happened in the Thodex affair?
As reported by Cointelegraph, it was alleged that the founder of Thodex went abroad, with $ 2 billion allegedly owned by users on the exchange. Within the scope of the investigation, the office of Thodex stock exchange in Kadıköy was raided and 62 people were detained. An arrest warrant was issued for 16 people.
It was claimed that Faruk Fatih Özer went to Thailand first, but it was reported by foreign news agencies that he was in Albania. Finally, the International Police Organization issued a red notice for Faruk Fatih Özer, the founder of the Thodex crypto currency exchange, upon the request made by the Ministry of Internal Affairs of the Republic of Turkey.
Faruk Fatih Özer denied the allegations by making an official statement on April 22. Stating that the reason for going abroad was to complete “final negotiations with foreign investors”, Özer announced that the transactions were temporarily closed in order to examine the “abnormal movements” observed in the accounts in the stock exchange.
On April 23, in the statement made by the Turkish Interior Minister Soylu, it was stated that the founder and manager of Thodex, Faruk Fatih Özer, was confiscated from the banks.
Not 2 billion, but 150 million …
While the “fraud” discussions continued, in which many people who do not have information about cryptocurrencies continued, two well-known names of the sector revealed the behind the scenes.
Avalanche Business Development Director Dr. Made by Aytunç Yildiz and DataPool Founder Tufan Poyraz on reviewBy looking at the data recorded on the blockchain, the cryptocurrencies in the exchange wallets were followed.
Blockchain records of transactions for Thodex alleged “fraud”. Source: Muhabbit
Poyraz stated that an amount of around 150 million was calculated in the research, and that the loss could not be calculated completely due to the cyber attack.
I regret to state that unfortunately #BTC We could not pinpoint the forward. Starting from August 2020 #bitcoin using privacy software used by hackers to lose track of their network, #BTC they took off. Unlikely to follow ++ pic.twitter.com/095fPsgOQL
– Tufan Poyraz (@tufanpoyrazz) April 24, 2021
Making a statement on the subject, Dr. Aytunç Yıldız emphasized that the users on the exchange have been trading with “fictitious currencies” for a while:
“It is very clear that Thodex’s cryptocurrency wallets were almost empty. So the coins that buyers thought they were buying were probably just numbers on the interface.”
Lastly in the report, it was stated that the amount mentioned in the Thodex case was not $ 2 billion, but about $ 150 million, “it is possible that this amount could be slightly more because not all Bitcoins could be detected.” Despite this, it was emphasized that the total amount could not be 2 billion dollars.
As reported by Cointelegraph, the Muğla-based VeBitcoin platform also stopped their transactions, stating that they were experiencing technical problems.