The founder of Turkish cryptocurrency exchange Thodex has reportedly fled the country with billions of dollars in user assets since April 22nd. Within days, a second cryptocurrency exchange, Vebitcoin, has collapsed in Turkey amid a crackdown on the industry. Vebitcoin posted a message on its website saying that it has ceased all activities after facing financial strain and that it would update clients on the situation as soon as possible. Thodex’s founder Faruk Fatih Ozer is absconding with $2 billion of investors’ funds with him. Turkey has issued an international arrest...
Moneycontrol Pro Panorama | View from atop the 60K peak
Aug 18, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: Misuse of police, bright spots on recovery radar, the metal blues, green code for startups, politics behind freebie politics and moreRead Now
To read the full story, Subscribe to Moneycontrol PRO
Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience
Already a member? Sign in
Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to
Ad free experience
Experience a non-intrusive navigation and faster response in the ad free mode
Access to 230+ exclusive stories per month from our editorial and Experts
Have a Global edge with access to content from world renowned experts and journalist
Access to 40+ weekly investment ideas including 4 daily technical calls
Exclusive access to live webinars from market experts on trading and investment strategies
Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.
Get upto 50% discount on limited period offers