Turkey crypto exchange probe: 62 arrested, CEO on the run

Dozens of people were arrested on Friday and Interpol issued a red notice as a Turkish probe into cryptocurrency exchange Thodex intensifies.

Turkey detained dozens of people in an investigation of a cryptocurrency trading platform and sought its founder’s arrest in Albania, police said on Friday, after Turks filed criminal complaints saying they had been scammed. The Thodex platform, which had been handling daily cryptocurrency trade worth hundreds of millions of dollars, said on its website on Thursday that it would be closed for four to five days due to a sale process. But users who have not been able to withdraw money or access their accounts voiced concerns on Twitter that they may have been defrauded, comments widely picked up by Turkish media.