Turkish court accepts compensation claim lawsuit from Thodex victim

A Turkish court has accepted a lawsuit demanding compensation of loss filed by a victim of collapsed Turkish cryptocurrency exchange platform Thodex, Birgün newspaper reported.

The Anatolian Civil Court of First Instance has become the first court to accept an application by an investor in the exchange, which folded last month, it said. 

Thodex halted trading on April 22, coinciding with the disappearance of its chief executive officer (CEO) Faruk Fatih Özer. The 27-year-old CEO is reported to have fled to Thailand with more than $2 billion in digital assets. 

Meanwhile, Turkish police have arrested six individuals, including Özer’s siblings, as authorities tighten their grip on those involved in the alleged fraud case.

In his application, the victim shared that he was unable to access the wallet where the crypto coins were located or perform any other process after purchasing the currency.

A preliminary hearing on the case is set to take place on Nov. 9, Birgün said.