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Turkish crypto exchange Thodex’s founder and his two siblings face over 11,000 years in jail each after being convicted of fraud, money laundering, and running a criminal organization. A Turkish court sentenced Faruk Fatih Ozer — the man behind Thodex, a crypto exchange that went bankrupt in 2021 — to 11,196
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The court also slammed them with a judicial fine of 135 million liras ( approximately $5 million) as the case came to a close. The long arm of the law may have finally caught up with Faruk Fatih Özer, the founder of the Turkish crypto exchange Thodex which collapsed two years
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The former CEO of Turkish crypto exchange Thodex, Faruk Fatih Özer, was sentenced to 11,196 years in prison by a Turkish court on charges of "establishing, managing and being a member of an organization", "qualified fraud", "laundering of property values".The Anatolian 9th High Criminal Court sentenced Ozer along with his
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Faruk Fatih Özer, the founder of the collapsed Turkish crypto exchange Thodex, his sister Serap Özer and his brother Güven Özer have been sentenced to 11,196 years, 10 months and 15 days in prison. Source
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Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye, he received a prison sentence of seven months and 15 days for failing to submit documents requested during the trial.Thodex was once one of the biggest crypto exchanges in Türkiye before
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Faruk Fatih Özer, the founder of Thodex, one of Turkey's largest crypto exchanges, facing charges of fraud and running a criminal organization, has been extradited to Turkey and was detained by police upon arrival in Istanbul, state media aa.com reported on Thursday. Source
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The saga of the Turkish cryptocurrency exchange Thodex continues, with the founder being finally brought back home in two years after the platform halted trading.Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported.Facing charges of fraud and money laundering, the
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A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand
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Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over
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Faruk Fatih Özer's exchange suddenly went offline last year, and the founder and CEO fled to Albania, leaving almost 400,000 members in the dark and without access to their funds. Users had deposited $2 billion in cryptocurrencies in the exchange, Cumhuriyet, Turkey's oldest newspaper, reported on Tuesday. Source
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