Skip to main content

THODEX EXIT SCAM - FOUNDER FLEES WITH $ 2 BILLION!



The Turkey-based stock exchange Thodex has carried out an exit scam. In this scam, the founder of the exchange disappeared with a fortune of $ 2 billion in digital currencies. Users no longer have access to the exchange and can no longer trade on it. The Turkish public prosecutor is investigating the case.

Thodex Exit Scam

The Turkey-based crypto exchange Thodex enjoyed an increasing number of customers last month. Until a few days ago, the Exchange had almost 400,000 customers. This success did not seem to be enough for the founder of the stock exchange, Fatih Özer.

When accessing the corresponding Thodex website, it is no longer possible for customers to access the dashboard and trade on it. In the exit scam of the stock exchange, the CEO was able to steal almost $ 2 billion from around 391,000 active users.

In a release, Özer announced that trading on the platform would be suspended for 4-5 days in order to integrate an external peer-to-peer cryptocurrency investment service.

The services will remain closed for about five working days while the share transfer completes, but users don't have to worry about their investments.

Here the ears of some investors were ringing and they let their displeasure about not being able to trade on the stock exchange run free on Twitter. Due to the lively interaction on the social media platform, this news spread quickly and the rumor of an exit scam made the rounds.

At first, the founder tried to counteract these claims and even published a post on the official homepage that everything was OK and that the platform would soon resume regular operations - Thedox is far from being an exit scam.

However, this news, which was supposed to be intended to reassure investors, was again evidence of lies. The numbers mentioned in the article were wrong. For this reason, the rumors about the exit scam hardened. Knowing that any attempts to further convince his customers that Thedox would continue to fail, the founder deleted his social media account.

Investigation of the case

Exit Scam

The Turkish public prosecutor's office has now received thousands of complaints. This initiated investigations directly and published a photo of Fatih Özer that showed him at Istanbul Airport on Tuesday. According to information available to Reuters, Özer disappeared to Albania with the $ 2 billion in his pocket.

As a result, the headquarters of the provider of the cryptocurrency platform was searched today - but with little success. The search for Özer is currently still active.

Dogecoin Marketing

Dogecoin is one of the cryptocurrencies that can show a rapid increase in price. The cryptocurrency, intended as a fun currency, is experiencing an enormous hype through promotions by greats such as Elon Musk or Snoop Dogg. Many investors jump on this bandwagon - even if the cryptocurrency has no real application.

It was precisely this hype that Özer took advantage of to attract even more customers before the exit scam, which was planned long in advance so that he can steal their investments. In a special offer that took place between March 15 and April 15, the platform offered every new customer a gift of 150 DOGE. Thus, the exchange was able to triple its daily trading volume to almost 600 million dollars within this month.

Exit scams are unfortunately not uncommon in the crypto sector. In order to protect you from such dangers, we have put together a list with which we provide you with criteria so that you can recognize scams at an early stage. Make sure to protect yourself and your capital as best you can from fraudsters!

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

Phishing attack on popular crypto sites tries to empty wallets

  Several major crypto sites such as Etherscan, CoinGecko, DeFi Pulse, and others report malicious pop-ups scammers use to try to trick users into connecting their MetaMask wallets. The phishing attack came from a domain displaying the Bored Ape Yacht Club (BAYC) logo. "We are investigating the root cause of this attack to fix the threat as soon as possible," CoinGecko founder Bobby Ong tweeted. The phishing attack appears to have been triggered by a malicious ad script from Coinzilla, a crypto ad network, according to CoinGecko. Etherscan also advises its users not to confirm any transactions that may appear on the website. The attackers attempted to use the hype around the “bored monkeys” non-fungible tokens (NFT) to gain access to the cryptocurrencies of unsuspecting website visitors. Although the websites affected by the scam attempt have reacted in the last few hours and deactivated the advertising pop-up, it is still recommended not to connect your MetaMask wallet to ne
Post a Comment
Read more