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The arrested siblings of the missing Thodex CEO reportedly own millions of dollars worth of crypto.
Turkish authorities are progressing with an investigation into local cryptocurrency exchange Thodex, which abruptly halted trading last week.
On Thursday, a Turkish court jailed six suspects pending trial, including siblings of the missing CEO and senior company employees, Reuters reported.
As part of the probe, Interpol reportedly issued a red notice for Thodex CEO and founder Faruk Fatih Ăzer, who had reportedly flown to Albania. âWhen he is caught with the red notice, we have extradition agreements with a large part of these countries. God willing he will be caught and he will be returned,â interior minister SĂŒleyman Soylu said.
Local authorities detained over 83 individuals suspected to be involved in the case amid growing concerns that Thodex was a scam after the platform halted money withdrawals.
Some suspects indicated that Ăzerâs siblings â GĂŒven Ăzer and Serap Ăzer â could have been serving major roles in Thodexâs operations, noting that both had significant crypto holdings, local news agency Anadolu Agency reports.
GĂŒven Ăzer reportedly holds nearly 22 million Turkish liras ($2.7 million) on two major local crypto exchanges including BtcTurk and Paribu. GĂŒven reportedly served as an active executive at Thodex despite not having an official role at the company.
Serap Ăzer, the missing CEOâs sister, reportedly had over 120 million liras ($14.6 million) worth of crypto transactions on her Binance account between 2018 and 2021. She claimed that the account was not hers. Serap allegedly oversaw financial activities at Thodex.
As previously reported, the missing Thodex CEO is reported to have run off with as much as $2 billion worth of crypto, but according to the latest reports, interior minister Soylu said that the companyâs portfolio totaled $108 million.
The news comes as the Turkish government hardens its stance on crypto, with the countryâs central bank officially banning crypto payments effective on Friday. Another Turskish crypto exchange, Vebitcoin, also announced last week that it would be ceasing operations amid employee arrests and allegations of fraud.
Additional reporting by Erhan Kahraman.
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