Turkey detains 62 people in cryptocurrency trading firm probe – media

Turkey detains 62 people in cryptocurrency trading firm probe – media

ISTANBUL, April 23 (Reuters)Turkish police have detained 62 individuals in an investigation of a cryptocurrency buying and selling platform supplier, state-owned Anadolu information company stated on Friday, after 1000’s of Turks filed legal complaints saying that they had been scammed.

The Thodex cryptocurrency buying and selling platform, which had been dealing with every day cryptocurrency commerce price a whole lot of hundreds of thousands of {dollars}, stated on its web site on Thursday it will be closed for 4 to 5 days resulting from a sale course of.

However customers who haven’t been in a position to withdraw cash or entry their accounts voiced concern on Twitter that they could have been defrauded, feedback extensively picked up by Turkish media.

Prosecutors issued arrest warrants for 78 individuals and 62 had to this point been detained in an operation centred on Istanbul however stretching throughout eight provinces, Anadolu stated.

Istanbul police stated the corporate’s founder and CEO, Faruk Fatih Ozer, had flown to the Albanian capital Tirana on Tuesday.

An Istanbul prosecutor’s workplace on Thursday stated it launched an investigation into Thodex resulting from claims that the platform had led to the “aggrievedness of many voters”. Turkey’s monetary crimes investigation board MASAK blocked the corporate’s accounts on Wednesday and commenced an investigation, a MASAK supply stated.

Thodex stated “unfavorable” media stories about it have been unfaithful, and that banks and funds – which it will establish later – needed to spend money on the corporate and had proposed a partnership.

The 24-hour buying and selling quantity on Thodex was $538 million on its final buying and selling day, in accordance with Coinmarketcap.

Final week Turkey banned the usage of crypto belongings for funds, including to components that despatched bitcoin down 14% on the weekend. Turkey’s central financial institution cited “irreparable” harm and transaction dangers as causes for the ban.

(Reporting by Daren Butler; Enhancing by Nick Macfie)

((daren.butler@tr.com; +90-212-350 7053; Reuters Messaging: daren.butler.thomsonreuters.com@reuters.net))

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