Exchange record
Thodex
Turkey-based cryptocurrency exchange operated by Koineks Teknoloji under the Thodex brand. Thodex became one of Turkey's largest crypto exchanges before users lost access to accounts in April 2021 and founder Faruk Fatih Özer left Turkey. Turkish authorities investigated the platform, and Özer was later convicted and sentenced in 2023. HEI treats Thodex as a dead exchange with scam_rug as the death_reason because the terminal event was an alleged and later court-confirmed fraud-centered collapse rather than an ordinary voluntary shutdown.
Registry sequence
Key facts
URL handling
Summary
Turkey-based cryptocurrency exchange operated by Koineks Teknoloji under the Thodex brand. Thodex became one of Turkey's largest crypto exchanges before users lost access to accounts in April 2021 and founder Faruk Fatih Özer left Turkey. Turkish authorities investigated the platform, and Özer was later convicted and sentenced in 2023. HEI treats Thodex as a dead exchange with scam_rug as the death_reason because the terminal event was an alleged and later court-confirmed fraud-centered collapse rather than an ordinary voluntary shutdown.
Timeline
Thodex, operated by Koineks Teknoloji and founded by Faruk Fatih Özer, operated as a Turkey-based cryptocurrency exchange from around 2017.
In April 2021, Thodex users could no longer access accounts after a maintenance / temporary closure notice, while founder Faruk Fatih Özer had left Turkey. The event became the terminal operating collapse of the exchange.
A Turkish court later convicted Thodex founder Faruk Fatih Özer and imposed a very long prison sentence in September 2023, confirming the fraud-centered nature of the exchange collapse.