Trailing the crime: Thodex moved $125 million in Bitcoin to Kraken before closing shop By BTC Peers
According to Whitestream, the now-defunct Thodex crypto exchange allegedly sent over 5,000 Bitcoin to Kraken between August 2020 and February 2021.
About $280 million worth of Bitcoin (at current market prices) left the wallets of the Turkish crypto exchange Thodex and landed in US exchange Kraken. Whitestream, an Israel-based blockchain tracking firm disclosed on Twitter, suggesting that the executives of the crypto exchange have been planning to cash out for a very long time. In other words, since August last year, Thodex officials may have been stealing Bitcoin from customers and sending it to Kraken for retrieval.
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