🚨 Thodex: Turkey’s Crypto Nightmare

Thodex, once Turkey’s top crypto exchange, launched in 2017 with big promises—secure trading, high liquidity, and influencer-backed hype. It became a major player with billions in volume and hundreds of thousands of users.

But in April 2021, the dream collapsed.

🚫 Trading suddenly halted

🚫 CEO Faruk Fatih Özer fled with $2+ billion

🚫 400,000+ users locked out of their funds

🚫 Interpol issued a Red Notice

🚫 Financial audits revealed fraud and missing reserves

👉 It was a full-scale exit scam—planned, coordinated, and devastating.

💥 Impact:

Investors lost life savings

Lawsuits piled up

Turkey tightened crypto regulations

📚 Lessons:

Self-custody is essential

Don’t trust unregulated platforms

Always Do Your Own Research (DYOR)

Regulation can protect—not restrict

Thodex wasn’t just a failure. It was a wake-up call.

#ThodexScam #CryptoFraud #TurkeyCrypto #CryptoSecurity2025 #dyor 🚨📉💸$BTC