Six suspects remain detained as Turkish authorities carry out a follow up on the sudden folding up of the local cryptocurrency- Thodex with the disappearance of its CEO.
According to Reuters,the suspects comprising of the CEO’s siblings and the company senior colleagues were detained by a Turkish court on 29th of April, while they await trial.
Many strategies have been deployed worldwide to track down the CEO and founder of Thodex who has been on the run, and currently in Albania. These include the red notice issued by the INTERPOL and extradition treaties as stated by Turkish interior minister, Suleyman Soylu.
An inference that Thadox was an illgetimate enterprise following its abrupt transaction end implicates more individuals who are under local authorities’ detainment.
The witness borne by some suspects holds the two CEO brother and sister- Guven Ozer and Serap Ozer responsible, as partners in this scheming owing to the outstanding Crypto stocks in their possession.
Guven Ozer has in his possession about 22 million Turkish liras, equivalent to $2.7 million on the local cryptocurrencies-BtcTurk and Paribu. He was a significant executive though behind the scene.
The CEO’s sister also has in her Binance account more than 120 million liras equivalent to $14.6 million of cryptor exchange between 2018-2021 with the implication that she managed the financial operations at Thodex.
The former update has it that the CEO eloped with $2 billion worth of crypto. Current update according to Soylu has it that the company’s investments summed up to $108 million.
The turn of events in Turkey crypto operations makes firm the rigidity of Turkish authorities on the ban lifted on crypto payments to kick off on the 30th of April. Alarming increase of fraudulent acts and detainment of suspects prompt another Turkish exchange, Vebitcoin to close operations.
The article posted herein is published by members of this site. Any information you find on this article is base on the opinion and view of the publisher. You are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this article.
Team Reviewparking is no third party and we can't handle any queries whatsoever.