Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
In November, a U.S. judge determined that the crypto startup had infringed upon securities laws by offering its native LBC token for sale without obtaining registration from the SEC.
Although the token recorded an 11% increase during the day, experts predict that the cryptocurrency's ability to maintain its upward momentum may not last.
❗ Everything I say is my own opinion and should not be taken as financial advice.
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