Thodex crytpo exchange is suspected of exit scam, and the largest US brokerage company is eyeing cryptocurrencies

2 min readApr 23, 2021


Arrests began in Turkey due to the suspicion of the Thodex crypto platform in an exit scam

The Turkish prosecutor’s office is investigating a possible exit scam of the Thodex bitcoin platform. Arrest warrants have already been issued for 78 people who may be associated with the exchange. 62 of them have already been detained.

On April 22, Thodex suspended trading for a short time, allegedly due to the transfer of the project to a “new partner”. More than 390,000 Thodex customers have been affected by this initiative.

At the same time, Thodex denied suspicions of the exit scam, and the head of the company, Faruk Fatih Ozer, said that he did not intend to hide and said that the accusations of the disappearance of money are untrue.

The largest us brokerage company is eyeing cryptocurrencies

Walt Bettinger, Chief Executive Officer of the largest brokerage and banking companies in the US, Charles Schwab, said that the company allows the possibility of supporting digital assets on its platform.

Charles Schwab is watching the crypto market “carefully and with caution”. The company is expecting the moment when regulators will provide explanations about crypto assets. Only after that, Charles Schwab is ready to consider the possibility of integrating digital assets into the site.

“We would like to see more regulatory clarity. And if and when that comes, you should expect Schwab to be a player in that space in the same way it has been a player in other investment opportunities across the spectrum” Bettinger said.