The CEO of a Turkish cryptocurrency exchange has gone missing, allegedly taking $2 billion in investor funds with him.

 Thousands of investors are concerned that their funds have been looted after a Turkish cryptocurrency exchange went offline and its CEO went missing.

According to a translated statement on its website, Thodex, a crypto firm based in Turkey, said its platform has been “temporarily closed” to fix a “abnormal fluctuation in the business accounts.”

According to local media sources, Thodex's founder, Faruk Fatih Ozer, has flown to Albania with $2 billion in investor funds. The Demiroren News Agency published a picture of Ozer leaving Istanbul Airport, claiming to be him.

Thodex had 400,000 users, of which 390,000 were involved, according to a lawyer who filed a criminal complaint against Ozer. Ozer, on the other hand, has denied the claims, claiming that only 30,000 users have been affected and that estimates of $2 billion in damages are "unfounded."

Turkish authorities have now released an international warrant for Ozer's arrest, according to Anadolu Agency. According to the state-run news agency, police have arrested 62 people in eight cities, including Istanbul.

Thousands of Thodex users have complained to the company, claiming that they are unable to access their accounts and are concerned that their savings could be lost forever. Some Turkish people have turned to cryptocurrency to shield their savings from rising inflation and the lira's depreciation.

According to Bloomberg, Thodex gave millions of free dogecoins to new registrants last month. The exchange officially issued 4 million meme-inspired crypto tokens, but many users say they have yet to obtain them.