Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors' funds with him

[Yo_Mama_Been_Loggin]

LONDON — A Turkish cryptocurrency exchange is offline and its CEO has reportedly gone missing, leaving thousands of investors worried that their funds have been stolen.

Thodex, a crypto firm based in Turkey, said its platform has been "temporarily closed" to address an "abnormal fluctuation in the company accounts," according to a translated statement on its website.

Local media reports say that Faruk Fatih Ozer, Thodex's founder, has flown to Albania, taking $2 billion of investors' funds with him. Demiroren News Agency published a photo of what it said was Ozer leaving Istanbul Airport.

A lawyer who filed a criminal complaint against Ozer said Thodex had 400,000 users, of which 390,000 were active. However, Ozer has disputed the allegations, saying only 30,000 users have been affected by the situation and that reports about $2 billion of losses are "unfounded."

https://www.msn.com/en-us/money/markets/turkish-crypto-exchange-boss-goes-missing-reportedly-taking-dollar2-billion-of-investors-funds-with-him/ar-BB1fYviR

Oops. I don't get the whole crypto-currency thing other than it's the preferred tender of those who would infect your computer with ransomware.

[soothsayer]

1. I only use it to buy NFTs

That’s awful, I hope they catch the thief

[FakeNoose]

2. Wow there's a surprise

NOT!

[SWBTATTReg]

3. Someone used the term NFT, I didn't know what it meant, so here you go...

What Are NFTs and Why Are They Suddenly Everywhere? | Money


https://money.com/what-are-nfts

Non-fungible tokens are a way for people to buy, sell and trade digital assets they’re passionate about. Abbreviated NFTs, they’ve gone mainstream in recent weeks, getting headlines in The New York Times, a $69 million art auction at Christie’s and even attention from musician Louis Tomlinson. It seems like NFTs are suddenly everywhere.

[dawg day]

5. You know, some people will buy anything.

They're buying a digital receipt that says they own this meme that's available for free all over the internet. I don't get the reasoning here.

[SWBTATTReg]

7. And I thought that being digital w/ supposedly unbreakable digital codes / etc. that this kind of

thing couldn't happen. Digital currencies have a long long way to go before the vast majority of people trust them. To me, even thought I very briefly thought about getting into decades ago, I was too nervous, being that the rule of all software can be eventually broken into/etc.

[dawg day]

4. "You lie! I only cheated 30,000 people, and it's less than $2 billion!"

Wonder if Albania will accept him. They've been trying to get into the EU.

Also did he take $2billion in actual money, or a bunch of crypto that will have to be traded?
Can't be tracked if crypto, I guess!

This proves-- Even paranoids have real enemies. They went to crypto to keep their money from being "raided" by taxation and so forth, only to have it truly raided by their finance guy..

[Budi]

6. I recall how Vlad pushed Crypto because it was a method of laundering goods.

Crypto is the tool of thieves

[Midnight Writer]

8. What's the point of stealing two billion if it means you have to hide out in Albania?

[dalton99a]

9. The Albanian mafia has a lot of assassins for hire