Crypto exchange boss allegedly flees with $2 billion in funds

Crypto substitution dominate allegedly flees with $ii billion in funds

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The CEO of a Turkish cryptocurrency commutation has reportedly disappeared with $2 billion of investors' funds, leaving more 300,000 users concerned about their money.

The crypto platform Thodex said it had been "temporarily closed" to accost an "abnormal fluctuation in the company accounts," according to a statement on its website. But local media reports claim the business firm's founder, Faruk Fatih Ozer, has flown to Albania, sparking an ongoing international manhunt.

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The incident seemingly began on Wednesday (April 21) when Ozer disappeared; Turkey'south land-run Anadolu Agency said that 62 people have since been questioned around his disappearance and the closure of the exchange.

However, Ozer himself said that the claims are "unfounded," posting a lengthy statement on the platform'due south website in which he maintains he traveled abroad to meet foreign investors, that only thirty,000 out of 700,000 accounts accept been affected by the "suspicious situation," and labels the allegations a "smear campaign against both myself and my company."

Co-ordinate to Bloomberg, Thodex recently offered new registrants millions of costless Dogecoins, but many users declared they haven't received them.

The news comes amid turmoil over cryptocurrency in Turkey. Last week, the central bank pledged to tighten regulations around crypto trading. And on Friday some other substitution, Vebitcoin, also halted operations; four employees were reportedly detained before long subsequently.

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