Turkey arrests 68 people for cryptocurrency fraud, leader flees to Albania
Turkish authorities have arrested 68 suspected members of a group accused of stealing more than US $ 2 billion from investors via a cryptocurrency trading platform whose founder fled the country and is now on a list of Interpol research.
Police reported that Faruk Faith Ozer, founder of Thodex, fled to Albania last week, after allegedly defrauding more than 390,000 investors.
Last Wednesday, Thodex suspended trading and excluded investors from their accounts after posting an ambiguous message saying it was undergoing five days of maintenance. Shortly after a wave of investors complained to Turkish police, a photo of Ozer was released at Istanbul Airport. It has since been in Albania.
The Turkish Interior Minister and the Director General of Police spoke by telephone to their Albanian counterparts about the arrest and extradition of Ozer.
Ozer denied all charges in a declaration posted on Twitter Thursday. He claimed there was a technical issue his team worked to resolve while he went to work overseas. He added that he would return “soon” to Turkey to resolve the issue.
Turkish police raided Thodex headquarters on Friday and confiscated documents, devices and digital material, and the Turkish Financial Crimes Commission of Inquiry (MASAK) opened an investigation into Ozer and his transactions, according to local media.