Police in Turkey has detained 62 people in reference to criminal complaints filed against the renowned cryptocurrency exchange Thodex, consistent with reports citing government-controlled Anadolu Agency.
The Thodex cryptocurrency exchange went offline on 18th April with its CEO subsequently going missing, fleeing the country consistent with reports.
Istanbul police revealed that Faruk Fatih Ozer had flown to Tirana earlier on Tuesday.
In line with an official report by Reuters, citing the Turkish state-controlled press agency, prosecutors have issued arrest warrants for 78 people with 62 detained thus far.
The Thodex exchange, which has 400k members, revealed that it had been undergoing maintenance from 18th to 19th April, subsequently telling users it might be offline for additional 5 days if required.
Users filed a complaint against the exchange earlier on Thursday alleging that several dollars had already been stolen.
Cryptocurrency has been thriving in Turkey this year with people turning thereto as a hedge against inflation, which had reached as high as 16% in March as oil prices spiked, consistent with Bloomberg.
The central bank outlined earlier on 16th April that cryptocurrency was to be banned as a way of payment.