Thodex review: score, licensing and risks
39/100SCORE · DCaution
Grade D, caution
Listed only so that anyone searching finds out it collapsed in 2021 taking customer funds with it. Its founder received a prison sentence measured in thousands of years.
The facts
- FOUNDED
- 2017
- HEADQUARTERS
- Turkey
- CUSTODY
- Custodial.
- MiCA / EEA
- Not authorised across the EEA.
- US ACCESS
- No.
- PROOF OF RESERVES
- No standard proof of reserves publication.
- FEES
- Typical for a venue of its size. Confirm current pricing on its own site.
- ASSETS
- Varies
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- None. This venue no longer exists.
✗ Weaknesses
- Collapsed in 2021 with customer funds
- Founder convicted of fraud
- Do not send money to anything using this name
Incident history
2021
Collapsed abruptly with roughly two billion dollars of customer assets unaccounted for. The founder fled abroad, was extradited and received a very long prison sentence.
Our read
Listed only so that anyone searching finds out it collapsed in 2021 taking customer funds with it. Its founder received a prison sentence measured in thousands of years.
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RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.