THODEX: Turkish Crypto Exchange Goes Offline, CEO Missing

The CEO of Turkish crypto exchange Thodex has gone missing at a time when users filed a complaint alleging hundreds of million of dollars have been stolen.

Mehmet, 34, noticed Wednesday the Turkish cryptocurrency exchange Thodex was no longer accessible; an error message was flashing across his screen. Panicking, he tried to access Thodex’s main website and found a troubling message: Thodex had halted all transactions in order to evaluate an unspecified partnership offer. The process would take about four to five business days, it continued, adding that users would be regularly updated.

Before shutting down transactions, Thodex was trading more than $585 million in cryptocurrencies on its exchange, according to data from CoinMarketCap. A spokesperson for the data site told CoinDesk the exchange stopped providing trading data around 17:00 UTC (1 p.m. ET) on April 20.
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