Cryptocurrency [loss] 2.0B+

"Thodex CEO Denies Rug-Pull, Discloses Cyberattacks, Says 'Funds Are Safe'"

2021-04-21 [vendor] Thodex exit [chain] bitcoin
Primary Source ↗
Financial Loss $2.00B (2,000,000,000 USD)
Blockchain(s) Bitcoin

Incident Details

Turkish Bitcoin exchange Thodex halted trading and limited customers’ access to their investments, claiming it was to investigate suspicious activity and swearing it was not an exit scam. With an international manhunt now underway for the Thodex CEO, and no sign of the approximately $2 billion that was invested in the platform, it seems awfully likely it was a rug pull.

Total loss estimated at $2,000,000,000.

Technical Details

Initial Attack Vector
Withdrawal halt / insolvency
Vendor / Product
Thodex exit

Timeline

  1. 2021-04-21 Breach occurred
  2. 2021-04-21 Publicly disclosed