Turkish ministers deny knowing wanted Thodex CEO after meetings

Two Turkish ministers denied knowing Faruk Fatih Özer, the founder and CEO of Thodex, a cryptocurrency trading platform at the centre of a suspected scam.

Interior Minister Süleyman Soylu and Foreign Minister Mevlüt Çavuşoğlu were responding to two separate photographs published in the Turkish media that showed each of them meeting with Özer

Soylu said Özer was allowed into a Dec. 19, 2019 gathering with young software developers during a photo session. His name was not on the guest list, Soylu said on Twitter. Çavuşoğlu said in a tweet that he met Özer on Dec. 26, 2019 after he accompanied the son of a parliamentarian to a private meeting.  

Turkey’s Justice Ministry issued an Interpol red notice for Özer on Friday after Thodex suspended trading on its platform and the CEO left Turkey on a commercial flight. Turkish police say he travelled to Albania on Tuesday.

Turkish ministers sometimes meet with the CEOs of local firms. Özer established Thodex in 2017. Trading volume on the platform totalled $585.5 million on its most recent day of operations, according to Coinmarketcap.


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