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Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations
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Crypto Exchange Thodex Founder Sentenced to Over 11,000 Years Amid Fraud Allegations

Thodex 's Faruk Fatih Özer has been sentenced to over 11,000 years by the Anatolian 9th High Criminal Court on fraud charges. The Turkish platform's abrupt 2021 shutdown left users without access to $2B in assets, leading to major international scrutiny.

Turkish Crypto Exchange Founder Arrested
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Turkish Crypto Exchange Founder Arrested

Thodex founder, Faruk Fatih Ozer, has been arrested upon his arrival at Istanbul airport after two years on the run. Ozer faces charges of fraud and money laundering, relating to allegations of an exit scam involving at least $2 billion worth of cryptocurrency stolen from Thodex.

Thodex Founder Arrested by Turkey Police in Albania
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Thodex Founder Arrested by Turkey Police in Albania

Faruk Fatih Ozer, the founder of the Thodex crypto exchange, escaped Turkey after taking $2 billion of investors’ funds with him. The founder is finally arrested in Albania.

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