Turkish authorities are advancing with an examination into regional cryptocurrency exchange Thodex, which suddenly stopped trading recently.
On Thursday, a Turkish court imprisoned 6 suspects pending trial, consisting of brother or sisters of the missing CEO and senior business workers, Reuters reported.
As part of a probe, Interpol apparently released a red notification for Thodex CEO and creator Faruk Fatih Özer, who had actually apparently flown to Albania. “When he is caught with the red notice, we have extradition agreements with a large part of these countries. God willing he will be caught and he will be returned,” Interior Minister Suleyman Soylu stated.
Local authorities apprehended over 83 people presumed to be included in the case in the middle of growing issues that Thodex was a rip-off after the platform stopped cash withdrawals.
Some thinks suggested that Özer’s brother or sisters — Güven Özer and Serap Özer — might have been serving significant functions in Thodex’s operations, keeping in mind that both had considerable crypto holdings, regional news firm Anadolu Agency reports.
Güven Özer apparently holds almost 22 million Turskish liras ($2.7 million) on 2 significant regional crypto exchanges consisting of BtcTurk and Paribu. Güven apparently acted as an active executive at Thodex in spite of not having a main function at the business.
Serap Özer, the missing CEO’s sibling, apparently had more than 120 million liras ($14.6 million) worth of crypto deals on her Binance account in between 2018 and 2021. She declared that the account was not hers. Serap supposedly supervised monetary activities at Thodex.
As formerly reported, the missing Thodex CEO is reported to have actually run off with as much as $2 billion worth of crypto, however according to the most recent reports, Interior Minister Soylu stated that the business’s portfolio amounted to $108 million.
The news comes as the Turkish federal government solidifies its position on crypto, with the nation’s reserve bank formally prohibiting crypto payments efficient today. Another Turskish crypto exchange, Vebitcoin, likewise revealed recently that it would be stopping operations in the middle of staff member arrests and claims of scams.
Additional reporting by Erhan Kahraman.