Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex – Exchanges Bitcoin News

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Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex – Exchanges Bitcoin News
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Turkey seeks thousands of years of prison time for executives of crypto exchange Thodex.

Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex

The indictment was quoted by Demiroren news agency and Hurriyet, about a year after the platform stopped trading. The defendants are accused of establishing a criminal organization, fraud, and laundering of proceeds from illicit activities. Thodex became popular during the latest crypto boom which attracted many Turks looking to protect their savings from the high inflation of their national fiat currency, the Turkish lira. The exchange, which had around 400,000 investors, suddenly went offline last spring.

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