Six Suspects Connected to Thodex CEO Land in Jail for BTC Peers

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Six suspects related to Thodex CEO land in jail

Turkish authorities have caught up with the brothers of the late CEO of cryptocurrency exchange Thodex. Remember that Faruk Fatih Ozer, the CEO of a Turkish exchange, fled with up to $ 2 billion belonging to clients last week. The Turkish authorities have launched an investigation and are making progress. Yesterday, authorities detained six suspects awaiting trial. Suspects include the exchange’s senior employees as well as the brothers of the missing CEO, Reuters reported. Local authorities have arrested more than 83 people in connection with the case. Some of the suspects hinted that two of the CEO’s brothers may be involved in the exit scam. Local news agency Anadolu Agency reports that Güven Özer and Serap Özer played important roles in Thodex’s operations. Güven reportedly has nearly $ 2.7 million (22 million Turkish liras) in his possession on two local crypto exchanges: BtcTurk and Paribu. He was an unofficial active executive until the exchange closed. Serap, on the other hand, reportedly has more than $ 14.6 million (120 million lira) in his Binance account. In his defense, he claims that the account does not belong to him. Serap allegedly managed the financial activities at Thodex. While it was previously reported that the CEO got away with around $ 2 billion, Interior Minister Soylu claims that the company’s total portfolio was $ 108 million. Turkish exchanges are making huge profits following the government‘s decision to toughen its stance on cryptocurrencies. Another cryptocurrency exchange based in Turkey, Vebitcoin, also went off the market last week following allegations of fraud. Continue reading on BTC Peers

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