Faruk Fatih Ozer

Turkish authorities have detained 62 people over alleged links to the Istanbul-based cryptocurrency exchange Thodex after its founder fled with a reported $2 billion in investors’ assets, Turkish media reported. The suspects were apprehended in raids carried out in eight cities including Istanbul, Anadolu Agency reported on Friday. Police issued arrest warrants for 16 other people.

The arrests come after nearly 400,000 users of a Turkish cryptocurrency exchange were left out of their accounts without being able to withdraw their funds. The platform’s website has been down for several days, while reports suggest its CEO has already fled the country with up to $2 billion. Read more from ZeroHedge.

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