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Turkish Crypto Exchange Goes Bust as Founder Flees Country

  • Government blocks bank accounts of crypto exchange Thodex
  • Whereabouts of 27-year-old CEO Faruk Fatih Ozer unknown
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One of Turkey’s largest cryptocurrency exchanges said it lacked the financial strength to continue operations, leaving hundreds of thousands of investors fearing their savings have evaporated as authorities sought to locate the company’s 27-year-old founder, who fled the country.