Hack history / 2021 / Rug pull
Thodex
Rug pull on Apr 21, 2021 · Scam
SOURCES AGREE ON DATE AND LOSS · 2 SOURCES
Lost
$2.50B
sources: $2.00B to $2.50B
Returned
none listed
as the sources state it
Rank
#3
among thefts by dollars lost
What happened
Six siblings of Turkish exchange Thodex executives and CEO have been formally arrested, a Turkish court said. And Thodex CEO Faruk Fatih Özer disappeared, leaving behind a collapsed exchange with total losses estimated to range from $24 million to $2.5 billion. Faruk was arrested in August more than a year after fleeing Turkey. In September 2023, Faruk and his siblings were sentenced to 11,196 years in prison and will also pay a fine of 135 million lira (approximately $5 million).
Details
- Date
- Apr 21, 2021
- Kind
- Rug pull
- Method
- Scam
- How in
- Insiders: rug pulls, frauds, collapses
- Target
- Centralized exchange
- Chains
- Bitcoin
Reported by
Related incidents
Cite this page
SwanBluechip, "Thodex rug pull, Apr 21, 2021: $2.50B lost", Crypto hack history, https://swan-hack-tracker.pages.dev/history/i/ht33dcdc0975/ (data as of 2026-11-01).