Thodex saga continues as Turkish police arrest 62 people, search for CEO

Turkey's government starts a manhunt for the founder of Thodex CEO Faruk Fatih Ozer after the cryptocurrency exchange stopped paying clients and fled the country, Bloomberg reports.The country's Justice Ministry is seeking a "red notice" through which Interpol could help locate, provisionally arrest, and return Ozer from Albania to Turkey, the state-run Anadolu Agency said today.Meanwhile, Turkish police have arrested 62 people as part of the investigation into one of Turkey's major cryptocurrency exchange platforms, Anadolu Agency said, citing a unnamed security source.The country's chief public prosecutor's office has issued detention warrants for 78 suspects over alleged links to Thodex.Earlier reports said the assets of ~390K active users are "irretrievable" when Thodex shut down earlier this week and its CEO disappeared.This comes as the cryptocurrency selloff continues with bitcoin dropping below $50K.