founding father of crypto-alternate Thodex, desired through Interpol for suspected fraud and at big for a year.
Albanian police on Tuesday arrested the fugitive Turkish founding father of crypto-alternate Thodex, desired through Interpol for suspected crypto fraud and at big for a year, police and media stated.
Albanian and Turkish media recognized the suspect as Faruk Fatih Ozer. The Turkish indoors ministry stated government had released extradition proceedings. Police cited the suspect handiest through the initials F.O. and stated the 28-year-vintage changed into arrested withinside the southern motel vicinity of Himare along side Albanian helpers in an operation codenamed "Brain". "After many searches in numerous areas of the country, primarily based totally at the data acquired at the operative path approximately the place of someone especially
desired through Turkish justice...Operation 'Brain' changed into organised and finalised," police stated in a statement.On Turkey's request, Interpol had issued a purple be aware for Ozer, who had flown to Albania earlier than information of the enterprise's troubles surfaced even as the enterprise closed down its website.
Thodex attorney Sevgi Erarslan had formerly stated the alternate crashed because of severe volatility in a few crypto currencies and a hacking attack. She stated the suspicion of fraud changed into unrealistic.
Erarslan additionally stated the enterprise blanketed the losses of greater than 800 folks who misplaced cash because the alternate crashed.
Turkish government later banned using crypto property for bills even as a few neighborhood exchanges have been investigated for fraud. There has been a increase in utilization of virtual currencies in Turkey fuelled through growing inflation and a slide withinside the lira currency.