Thodex

Thodex (CEX)

Thodex was a Turkey-based centralized cryptocurrency exchange (CEX) operated by Koineks Teknoloji A.Ş. and founded by Faruk Fatih Özer. It became prominent in Turkey during the 2017–2021 retail wave, then ceased operations after freezing customer access in April 2021, amid allegations that user assets were misappropriated after Özer left the country. (en.wikipedia.org)

Historical context and legal outcome

• Thodex reportedly had ~391,000 users when it froze withdrawals/trading in April 2021. (en.wikipedia.org)
• Özer was later arrested (Albania), extradited (Türkiye), and sentenced in 2023 to an extraordinarily long prison term reported across crypto-policy media. (cointelegraph.com)
• Reporting in late 2025 stated Özer was found dead on November 1, 2025 while incarcerated. (finance.yahoo.com)

Website and X (Twitter) handle you provided

• Website (thodex.com): As currently accessible, the domain presents itself as a cybercrime/crypto-security news-style site describing the Thodex story retrospectively, rather than functioning as an exchange interface. (thodex.com)
• X/Twitter (@thodexofficial): The handle is widely cited in contemporaneous 2021 coverage as Thodex’s official account used for operational announcements during the shutdown period. (financemagnates.com)

Note on brand reuse / look-alikes

Separate domains (e.g., thodex.exchange) have appeared online presenting themselves as an exchange and referencing “old account” migration; however, public historical coverage primarily associates “Thodex” with the defunct Turkish exchange that froze in April 2021, and the relationship between these newer sites and the original entity is not established by the same class of sources. (thodex.exchange)