Is thodex a good cryptocurrency exchange in Turkey?

Thodex was the first global exchange based in Turkey and of the 40 cryptocurrency exchanges in Turkey at the time, it was one of the big ones. It had 391,000 users when it froze in April 2021 and the owner fled Turkey with the clients' money.

What happened to Turkish crypto exchanges?

The collapse of Turkish crypto exchanges Thodex and Vebitcoin – and subsequent arrests and a manhunt – have led to untold losses for Turks who invested in cryptocurrencies hoping to protect their savings from inflation. Cryptocurrency mania is getting a wake-up call in Turkey after two local exchanges crumbled in the space of a few days.

What happened to thodex?

The Turkish crypto exchange Thodex ceased operations and its chief executive officer has fled the nation amid allegations that hundreds of millions of dollars were stolen. A prosecutor in Istanbul has launched an investigation and police are searching the Thodex offices, the state-run Anadolu Agency reported.

Is crypto Mania getting a wake-up call in Turkey?

Cryptocurrency mania is getting a wake-up call in Turkey after two local exchanges crumbled in the space of a few days. The collapse of Thodex and Vebitcoin has triggered a manhunt for one of the exchange founders, led to dozens of arrests and inflicted untold losses on ordinary Turks.