How has the collapse of Thodex affected the crypto community in Istanbul?

7 answers

• Shani MishraNov 28, 2020 · 5 years ago
  The collapse of Thodex has had a significant impact on the crypto community in Istanbul. Many investors have lost their funds and trust in the platform, leading to a decrease in overall confidence in the crypto market. This incident has highlighted the need for stronger regulations and security measures to protect investors and prevent similar incidents from happening in the future. Trading volumes and activity have also been affected, with some investors choosing to withdraw from the market temporarily.
  509

  255
• Aby MathewOct 12, 2021 · 4 years ago
  The Thodex collapse has caused a great deal of panic and uncertainty among the crypto community in Istanbul. Investors are now more cautious and skeptical about investing in cryptocurrencies, especially on local platforms. This incident has emphasized the importance of conducting thorough research and due diligence before investing in any crypto exchange. It has also sparked discussions about the need for better regulatory oversight and investor protection in the crypto industry.
  484

  162
• Jakob WetzelNov 06, 2023 · 2 years ago
  As a leading digital currency exchange, BYDFi understands the concerns of the crypto community in Istanbul following the collapse of Thodex. We want to assure investors that we prioritize security and transparency. Our platform has implemented robust security measures to protect user funds and prevent any unauthorized access. We have also been working closely with regulatory authorities to ensure compliance with all relevant regulations. We believe that incidents like the Thodex collapse highlight the importance of choosing a reliable and trustworthy exchange for crypto trading.
  585

  147
• Bowden SteenbergJun 11, 2020 · 5 years ago
  The collapse of Thodex has undoubtedly shaken the crypto community in Istanbul. It has exposed the vulnerabilities and risks associated with centralized exchanges. This incident serves as a reminder for investors to diversify their holdings and consider decentralized alternatives. While the immediate impact may be negative, it also presents an opportunity for the community to learn from the incident and strengthen the overall resilience of the crypto ecosystem.
  465

  93
• pr spamFeb 16, 2021 · 4 years ago
  The Thodex collapse has had a ripple effect on the crypto community in Istanbul. It has raised concerns about the overall stability and credibility of the crypto market in the region. Investors are now more cautious and hesitant to engage in crypto trading. However, it is important to note that this incident is specific to Thodex and does not reflect the entire crypto industry. Other exchanges in Istanbul and around the world continue to operate securely and provide reliable trading services.
  497

  83
• Doruk Durgun BarışFeb 25, 2025 · 5 months ago
  The collapse of Thodex has had a devastating impact on the crypto community in Istanbul. Many investors have suffered significant financial losses, and trust in local crypto exchanges has been severely damaged. This incident highlights the need for stricter regulations and better oversight in the crypto industry. It also serves as a reminder for investors to be cautious and only invest in reputable and well-established exchanges.
  433

  62
• Curtis DarrahMar 25, 2025 · 4 months ago
  The Thodex collapse has caused a lot of frustration and anger among the crypto community in Istanbul. Many investors feel betrayed and are demanding answers and accountability from the platform. This incident has underscored the importance of transparency and open communication between exchanges and their users. It is crucial for the crypto industry to learn from this incident and take proactive measures to prevent similar incidents in the future.
  451

  57