Turkey on Saturday detained the chief of one of the country’s biggest cryptocurrency firms after launching a manhunt for the founder of another exchange who fled to Albania.
But the market began to unravel when the Istanbul-based Thodex exchange’s founder Faruk Fatih Ozer fled to Albania holding a reported $2 billion in investors’ assets this week.Turkey issued an international arrest warrant and detained dozens of Thodex employees in raids staged across the country on Friday.
“Due to the recent developments in the crypto money industry, our transactions have become much more intense than expected,” Vebitcoin said on its website.
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