What happened to the founder of a cryptocurrency exchange in Turkey?

Turkish prosecutors on Thursday launched an investigation after the Istanbul-based founder of a cryptocurrency exchange froze trading and fled the country with a reported $2 billion in investors' assets.

How many crypto investors are in Turkey?

Global exchanges like Binance and Coinbase also operate in Turkey. The exact number of investors in Turkey holding crypto is difficult to estimate because not all exchanges have made their data public. But Sert says experts have estimated it is somewhere between 10 and 11 million people.

Will crypto com collapse?

Crypto.com reported that the ether was recovered and returned to the exchange. Either way, this news was enough to raise fears as that was a large sum of money to go missing. It doesn’t appear that Crypto.com will collapse any time soon, but this also doesn’t mean that the exchange will thrive. The goal at this point is for Crypto.com to survive.

Who is the CEO of crypto?

The CEO of Crypto.com is Kris Marszalek, a business veteran who also served as the CEO of Ensogo, a social commerce company and the founder of Beecrazy (an e-commerce company). Other members of the company’s C-suite are Rafael Melo (CFO) and Gary Or (CTO).