Businessman vanishes with $2 billion cryptocurrency assets
Turkish prosecutors on Friday issued detention warrants for 78 suspects over their alleged involvement in a cryptocurrency exchange fraud, local media reported.
Police units have so far detained 62 suspects in operations conducted in eight provinces, the Haberturk daily said on its website.
The investigation into the fraud was initiated after the Istanbul-based Thodex exchange platform founder, Faruk Fatih Ozer, suspended trading and left the country via Istanbul Airport on Tuesday.
Mr Ozer reportedly vanished with $2 billion of crypto assets collected from 391,000 investors, the daily added.
The platform has a monthly transaction volume of approximately $12 billion, according to press reports.
The incident is considered one of the biggest frauds in Turkey’s modern history.
(Xinhua/NAN)
More from Peoples Gazette
Education
Kaduna varsity hikes fee by 500%, medical students to pay more
Students of the institution have rejected the increase.
NationWide
Buhari’s support for Pantami undermines Nigeria’s war on terrorism: Kingsley Moghalu
The politician questioned the confirmation of the communications minister despite pro-terrorist comments.
Opinion
On my friendship with Pantami
I have never physically met Pantami in my entire life and have never asked for nor received a single favour from Isa Pantami since he has been in government.
States
Kano house fire kills two family members
Four victims, including a four-year-old, were, however, rescued alive.
States
Buhari mourns Aishatu, Ahmadu Bello’s daughter
Mr Buhari described Mrs Ahmadu Bello as a humble and disciplined woman who lived a fulfilled life of modesty.
NationWide
Kemi Adeosun’s forgery greater sin than Pantami’s terrorism: Presidency
Contrary to provisions of the Terrorism Act, Nigeria’s presidency said Mr Pantami’s links to terrorism is less grievous and should be forgiven.
