CEO disappears and exchange goes down

@theskyhigh
1 mo (edited)
1 Min Read
113 Words

Theodox, the Turkish cryptocurrency exchange seized trading this morning without warning, locking in funds from its 391,000 active customers.

According to Kilic police records CEO Faruk Fatih Özer left the country last night,he also deleted his social media accounts and the company cut all customer support.

Between March 15 and April 15, just before the Dogecoin frenzy began, the exchange held a hugely successful marketing campaign, rewarding each new application with 150 DOGE. According to reports, thousands of new users migrated to the exchange, and their turnover on Saturday reached a daily record of $ 1.37 billion, the highest daily value of last year, according to data from CoinGecko.

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