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Turkish crypto exchange boss goes missing, reportedly taking $2 billion of investors’ funds with him
CNBC ^ | 23 Apr 2021 | Ryan Browne

Posted on 04/24/2021 7:43:32 AM PDT by DUMBGRUNT

Thodex, a crypto platform based in Turkey, said its platform has been “temporarily closed” to address an “abnormal fluctuation in the company accounts.” Local media reports say that Faruk Fatih Ozer, Thodex’s founder, has flown to Albania, taking $2 billion of investors’ funds with him. According to the state-run Anadolu Agency, Turkish authorities have now issued an international warrant seeking Ozer’s arrest.

...In 2019, Canadian crypto exchange QuadrigaCX went bankrupt after its CEO died, resulting in millions of dollars’ worth of digital assets being trapped in a digital wallet.

(Excerpt) Read more at cnbc.com ...


TOPICS: Chit/Chat; Computers/Internet; Humor
KEYWORDS: albania; bitcoin; crypto; cryptocurrency; erdogan; farukfatihozer; isis; kurdistan; madoff; ponzischeme; pyramidscheme; quadrigacx; receptayyiperdogan; russia; thodex; tulipmania; turkey
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I would like to present to you the next Senator from the great state of Minnesota... Faruk Fatih Ozer!!!
1 posted on 04/24/2021 7:43:32 AM PDT by DUMBGRUNT
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To: DUMBGRUNT

He took the Midnight Express.


2 posted on 04/24/2021 7:44:31 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

... or became ape for AMC/GME.


3 posted on 04/24/2021 7:46:39 AM PDT by Diogenesis (Tuitio Fidei et Obsequium Pauperum)
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To: DUMBGRUNT

DUH!

That was totally unexpected!

Sarcasm now off.


4 posted on 04/24/2021 7:47:00 AM PDT by Grampa Dave (We are alive, in spite of being stupid and getting vaccinated twice!! On: 01/31/2021 & 2/21/2021)
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To: DUMBGRUNT

Is he selling out to the Russian mafia?


5 posted on 04/24/2021 7:47:38 AM PDT by Jonty30 (What Islam and secularism have in common is that they are both death cults. )
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To: DUMBGRUNT

I hate when this happens.


6 posted on 04/24/2021 7:49:44 AM PDT by blueunicorn6 ("A crack shot and a good dancer”)
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To: DUMBGRUNT
"I would like to present to you the next Senator from the great state of Minnesota... Faruk Fatih Ozer!!!"

HA.! That's kinda like what I was thinking...

As a major contributor to slow joe he have MUCH power in the democratic party.. Well, very much like soros himself.!

7 posted on 04/24/2021 7:50:48 AM PDT by unread (Joe....it's not the bill of needs....it's the bill of rights.)
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To: DUMBGRUNT

How do digital assets get trapped in an inaccessible wallet?

From what little I know about Bitcoin, etc. I thought that there are multiple entries made in ledgers in blockchains of data, so that the transactions are verified in multiple locations. But as noted, I know very little about Bitcoin.


8 posted on 04/24/2021 7:54:41 AM PDT by Dilbert San Diego
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To: DUMBGRUNT

> I would like to present to you the next Senator from the great state of Minnesota... Faruk Fatih Ozer!!! <

Well, you can “adjust” a lot of Dominion voting machines for $2 billion.


9 posted on 04/24/2021 7:54:43 AM PDT by Leaning Right (I have already previewed or do not wish to preview this composition.)
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To: DUMBGRUNT

Crypto investors should expect more of this.

10 posted on 04/24/2021 7:55:43 AM PDT by Seruzawa (The political Left is the Garden of Eden of Incompetence - Marx the Smarter (Groucho))
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To: DUMBGRUNT

Seems like bitcoin still has human problems.


11 posted on 04/24/2021 7:57:09 AM PDT by PGR88
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To: PGR88

Anything created by man can be screwed up by man.


12 posted on 04/24/2021 8:01:40 AM PDT by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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To: Dilbert San Diego

—”How do digital assets get trapped in an inaccessible wallet?”

And stories about digging up a garbage dump to find the old computer...

“So what is it like for you? I mean, how many sleepless nights do you have thinking about the fact that you have $200 million that you can’t get at?

After I realized I lost the coins, I was completely destroyed. Like, when I think back to that, it’s hard to even wrap my head around how I felt that those couple of weeks.”

This man owns $321M in bitcoin — but he can’t access it because he lost his password

https://www.cbc.ca/radio/asithappens/as-it-happens-friday-edition-1.5875363/this-man-owns-321m-in-bitcoin-but-he-can-t-access-it-because-he-lost-his-password-1.5875366


13 posted on 04/24/2021 8:04:29 AM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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To: Dilbert San Diego
Pyramid scheme. Easy to pick up make-money-quick suckers.

Cryptocurrency Exchange THODEX has one of the more lucrative affiliate programs on the market today. This marks a key milestone for the team, as the profitable partnerships for members

Read More https://techbullion.com/thodex-affiliates-can-generate-an-income-for-life/

14 posted on 04/24/2021 8:06:07 AM PDT by Fido969 ( Sc)
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To: DUMBGRUNT

In my best Gomer Pyle voice: “Surprise, surprise, surprise”


15 posted on 04/24/2021 8:11:43 AM PDT by Starcitizen (So Indian H1B crybaby trash runs Free Republic moderation??? Seems so. )
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To: DUMBGRUNT

Ponzi. Did I say ponzi?


16 posted on 04/24/2021 8:16:35 AM PDT by Vaquero ( Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you. )
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To: Fido969

from your link:
THODEX’s powerful affiliate program and the ease of use lower entry barriers into the cryptocurrency industry.

Sounds a lot like the Robinhood app?

Such a deal!


17 posted on 04/24/2021 8:26:37 AM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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To: Leaning Right

>>Well, you can “adjust” a lot of Dominion voting machines for $2 billion.

And how much can the trillions Joseph Stolen has doled out this year “adjust”?


18 posted on 04/24/2021 8:31:25 AM PDT by a fool in paradise (Lean on Joe Biden to follow Donald Trump's example and donate his annual salary to charity. )
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To: Starcitizen

—”Surprise, surprise, surprise”

Sometimes a pleasant surprise.

Our son, who I would like to think has some situational awareness after 3x Iraq USMC?

Was checking his bitcoin account and some neglected to log out of the account.
Put the phone in his pocket...
A sudden rush of email confirming a few thousand dollars of bitcoins purchased ???

BUTT DIALED!

He quickly sold and gained just over 1K!


19 posted on 04/24/2021 8:40:00 AM PDT by DUMBGRUNT ("The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last message.)
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To: DUMBGRUNT

I keep getting schooled on FR that this can’t possibly happen.


20 posted on 04/24/2021 8:41:05 AM PDT by bgill
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