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The Turkish crypto exchange Thodex ceased operations and its chief executive officer has fled the nation amid allegations that hundreds of millions of dollars were stolen.
A prosecutor in Istanbul has launched an investigation and police are searching the Thodex offices, the state-run Anadolu Agency reported. The trading platform is “unable” to continue operations with founder and CEO Faruk Fatih Ozer out of the country, the company said in a written statement earlier Thursday.