Turkish Crypto Exchange Thodex Stops Operating Without Notice

CoinEdition

Published Apr 22, 2021 05:31AM ET

Updated Apr 22, 2021 06:00AM ET

Turkish Crypto Exchange Thodex Stops Operating Without Notice

  • Turkish crypto exchange Thodex has shut down trading.
  • About $2-10 billion hard-earned money has been locked.

Turkish crypto exchange Thodex has stopped operating without any notice today. Of note, more than 391,000 customers’ hard-earned money has been locked on the Thodex exchange.

According to a report, Thodex exchange shared a statement via Twitter that it wanted to enable peer-to-peer (P2P) crypto investment services from outside. This move was to help Thodex provide much better services for its customers.

Before the exchange closed, Thodex said in the statement that it would suspend its trading activities for 4 to 5 days. At the time of writing, Thodex CEO Faruk Fatih Ozer is nowhere to be found. Also, Ozer has removed his social media account online.

Moreso, the exchange has blocked i...

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