| Founded | 2017 |
|---|---|
| Closed | 2021 |
| Country | Turkey |
| Sector | Crypto |
| Collapse type | Fraud Explosion |
| Founder | Faruk Fatih Özer |
Thodex
"Thodex's CEO fled Turkey with up to $13B in user funds, earning a 11,196-year prison sentence."
Sudden collapse triggered by fraud exposure
Key Events Timeline
Thodex, Turkey's most popular domestic crypto exchange, abruptly halted trading in April 2021 with CEO Faruk Fatih Özer fleeing to Albania.
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