Tag: Faruk Fatih Özer

Many Lives Gone: Turkish Crypto Exchange Founder Convicted To 11,196 Prison Time!

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A crypto executive from Turkey and his two siblings have been sentenced to 11,196 years in prison each for swindling investors out of millions. In 2021, 29-year-old Faruk Fatih Özer absconded to Albania with significant investor funds following the abrupt shutdown of his Thodex exchange platform. He was later extradited to Turkey in June and was convicted of money laundering, fraud, and involvement in organized crime.