Turkish Police Detain 62 People in Thodex Probe, State News Agency Says: Report
The crypto exchange reportedly has been subject to a legal complaint by its users alleging that hundreds of millions of dollars had been stolen.
Despite the downturn, exchanges say they are looking to build up their infrastructure for when the next big boom in crypto rolls around.
At present, there are no restrictions on exchange executives and other employees to trade cryptocurrency on their platforms.
The data doesn't necessarily indicate that the traders are betting on price declines.
“There’s really no protection around fraud or manipulation,” Gensler said in his first public hearing since taking the reins at the agency.
It's the second crypto platform in a week to face troubles in a country that is banning the use of cryptocurrencies for payments.