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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
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
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.
Turkey to Jail Missing Thodex CEO and Executives for at Least 40,000 Years
A year after the Thodex cryptocurrency exchange went bankrupt, Turkish prosecutors are now seeking at least a 40,000 year-jail term for Faruk Fatih Ozer- the CEO of the trading platform reported to have fled with at least $28 million of trader’s funds.
Turkish Crypto Exchange Goes Bankrupt, Customers Locked Out of Their Funds
Thodex crypto exchange has gone offline and its customer service vanished too, thus leaving users in the dark.