Turkish judicial authorities launched a wide investigation into what was described as the" largest "financial scam in the history of the Republic and digital currencies since the start of trading, carried out by the company" Thodex " digital currencies, and amounted to about two billion dollars, and the victim 391 thousand customers.
According to local website TRT, the founder and chairman of thodex cryptocurrency, Faruk Fateh Ozer, fled the country on April 20 to the Albanian capital Tirana.
The company has 400,000 subscribers and 391,000 active accounts, and the company's founder Ozer's Twitter and Instagram accounts were completely closed, while the company released a statement stating that "the transfer of ownership to new investors will result in the site being shut down for 6 hours".
This was followed by another statement, last night on Wednesday, that this process could take 4 to 5 days, recalling that "the interest received by the company's investments in the last two years and the entry of other sectors of the company's structure made it forced to take new expansion steps, and we will announce the names of investors later".
"There is great global interest in partnering with the company, and in order to better serve customers with the new partnerships the business will stop around five days, and customers will be regularly informed of developments in the work of the site,"the statement noted.
These vague statements raised investors who later learned of the company's owner's departure from the country, to begin filing complaints in large numbers to the public prosecution in the Turkish states where they reside, while the public prosecution in Istanbul in turn launched an investigation into the case, under the heading "formation of an organized gang to commit crimes" and"qualitative fraud".
And send the police to inspect the company's headquarters in Istanbul on Thursday, which left her later after I found the offices closed and no one from the staff, and later that because of the epidemic of Corona the staff works remotely without their presence to the police headquarters, and there are 30 to 40 employees working for the company.
The past days saw a number of customers communicate with the company, but to no avail, while information from the management of the commercial headquarters reported that the previous days saw the removal of cardboard boxes from the company without feeling any suspicion, while the event resonated with the Turkish street, and the trend in social media two days ago.
Thodex, or thodex as its founders call it, was founded in 2017 and has recently made significant profits, according to global cryptocurrency exchanges.
On the 17th of this month, Coinmarketcap and coingesco Stock Exchange figures revealed that thodex achieved a turnover of dollars 2 billion and dollars 334 million, a record in 3 months and a very large difference.
In the latest CoinMarketCap figures, thodex's Turkish cryptocurrency exchange business focuses 53% on Doji coin, 3% Bitcoin, 3.3% Litecoin, 7.4% Ripple, and 13% tether, and the company made an offer last month that it would offer two million Doji coins as a gift to new customers, 150 coins for each new subscriber, and also offered a Porsche as a gift to
This operation came a few days after the Central Bank of Turkey banned the trading of digital currencies in the country, because of the risks it carries to property and financial assets, the lack of control, laws and restrictions, the absence of a representative, and the lack of access to the required information from these exchanges and companies.
It also carries risks to investor parties and irreparable losses, making it an unsafe option in financial transactions, according to the central bank's announcement.