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Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over
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Faruk Fatih Özer's exchange suddenly went offline last year, and the founder and CEO fled to Albania, leaving almost 400,000 members in the dark and without access to their funds. Users had deposited $2 billion in cryptocurrencies in the exchange, Cumhuriyet, Turkey's oldest newspaper, reported on Tuesday. Source
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According to Gün Sirer, Avalanche does not entrust its legal affairs to Roche, and did not direct him to file any lawsuits towards other projects – including, for example, a July class-action lawsuit against Solana Labs, the team behind the multi-billion-dollar Solana blockchain. The lawsuit alleged that Solana’s SOL token
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Jamie Redman Jamie Redman is the News Lead at Cryptox.trade News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than
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Over a decade-long evolution later, for self-justified personal reasons, a handful of the crypto community members chose to believe in siding against Bitcoin (BTC), resulting in a narrative that preached "blockchain is great, Bitcoin is bad."Josselin Tonnellier, the founder of Bitcoin exchange StackinSat and organizer of the Surfin' Bitcoin 2022, believes
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Polygon Founder Symbolic Capital is the newest venture company to strongly emphasize Web3, gaming, and NFTs. Sandeep Nailwal, the creator of Polygon and a cryptocurrency entrepreneur, has collected $50 million for a new startup fund targeted at Web3 firms, highlighting venture capital's rising interest in the blockchain-powered internet. According to the business,
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The inflationary model helped bootstrap the Syntethix ecosystem and was no longer needed, founder Kain Warwick explained. Source
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Cryptocurrency entrepreneur and Polygon founder Sandeep Nailwal has raised $50 million for a new startup fund dedicated to Web3 companies, underscoring venture capital’s growing interest in the blockchain-powered internet. Nailwal’s venture firm, Symbolic Capital, is backed by cryptocurrency protocols, exchanges, crypto-focused auditing firms and other venture capital investors, the company disclosed
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While other traders may be quick to take profits once they see gains, some are willing to hold on to their digital assets until they can pursue bigger goals, like a “mega yacht.” In a Twitter thread, Mintable founder Zach Burks shared how he found Web3 and went from being broke
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Pavel Durov, the founder of encrypted messaging app Telegram, has floated the idea of a marketplace that could utilize “NFT-like smart contracts” to auction highly-sought after usernames. Durov made the suggestion after the “success” of domain name auctions by The Open Network (TON), a layer-1 blockchain originally designed by the Telegram
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