Six arrested as part of missing Thodex CEO investigation

Investigation continues over the alleged fraud at the Turkey-based crypto currency exchange Thodex.

As of Thursday, the court ordered the arrest of six suspects, including the wanted CEO’s brothers and senior company employees, according to a report shared by Reuters.

As part of the investigation, Interpol issued a red notice for Thodex CEO and founder Faruk Fatih Özer, who was reported to have fled to Albania. Minister of Interior Süleyman Soylu said, “We have extradition agreements with most of the countries in case of being caught thanks to the red bulletin. I hope he will be caught and returned.

Local authorities detained 83 people as part of the “Thodex fraud” case after the platform stopped withdrawals.

According to Anadolu Agency’s report, some suspects claimed that Özer’s brothers Güven Özer and Serap Özer may have played important roles in Thodex’s operations. Both were said to own significant cryptocurrencies.

It is reported that Güven Özer has stored approximately 22 million Turkish liras ($ 2.7 million) on two major local cryptocurrency exchanges, including BtcTurk and Paribu. Although Güven does not have an official position in the company, he is said to be an active manager at Thodex.

Serap Özer, the sister of the missing CEO, reportedly had over 120 million lira ($ 14.6 million) cryptocurrency transactions on his Binance account between 2018 and 2021. Serap Özer, who claims that the account does not belong to him, is audited in Thodex.

As previously reported, it was alleged that the missing Thodex CEO was on the run with $ 2 billion worth of crypto. The missing CEO denied these allegations. However, Interior Minister Soylu said that the company’s portfolio was at the level of 108 million dollars.

The Turkish government’s stance on crypto money is getting tougher. The country’s central bank has officially decided to ban cryptocurrency payments. On the other hand, Vebitcoin, another Turkey-based crypto currency exchange, stopped its operations last week due to the arrest of employees and allegations of fraud.

The news has been prepared with the contributions of Erhan Kahraman.

Check Also

‘Millionaire’ whales have amassed 90,000 Bitcoins in the last 25 days

Bitcoin whales have created “millionaire” addresses with a total of 90,000 BTC in the last …

Leave a Reply

Your email address will not be published. Required fields are marked *