Tag: Thodex

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

Court Cases tamir - September 10, 2023

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.

Founder Of Vanished Turkish Crypto Exchange Thodex Arrested In Albania!

Crypto Schemes tamir - August 30, 2022

Fatih Özer, founder and CEO of Turkish cryptocurrency exchange Thodex has been arrested in Albania following his 2021 disappearance with funds belonging to roughly 400,000 users. Thodex was one of Turkey's largest crypto exchanges that became an exit scam. The crypto exchange suddenly went offline in April 2021, and Fatih Özer fled to Albania. According to the Turkish newspaper Cumhuriyet, users deposited $2 billion in cryptos in the exchange.

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