Thodex
Introduction


**Koineks Teknoloji A.Ş**, known online as **Thodex**, is a defunct [Turkey](/wiki/Turkey "Turkey") based [cryptocurrency exchange](/wiki/Cryptocurrency_exchange "Cryptocurrency exchange") founded by [Faruk Fatih Özer](/wiki/Faruk_Fatih_%C3%96zer "Faruk Fatih Özer").

Thodex was the first global exchange based in Turkey and of the 40 [cryptocurrency exchanges](/wiki/Cryptocurrency_exchanges "Cryptocurrency exchanges") in Turkey at the time. It had 391,000 users when it froze in April 2021 and an estimated $2 billion in money from investors when the owner fled Turkey and shutdown the company.


How many users did Thodex have when it froze?