Thodex CEO Sentenced to Over 11,000 Years for Stealing $2B in Crypto

CEO of collapsed Turkish crypto exchange Thodex sentenced to over 11,000 years in prison for stealing $2 billion in customer funds.
400,000 Thodex customers lost access to their funds when exchange went offline in April 2021.
CEO Faruk Özer fled Turkey but was caught in Albania in 2022.
Özer found guilty of money laundering, fraud, and leading a criminal organization.
Thodex disputed claims that $2 billion was missing, said only 30,000 of 700,000 users affected.

dailyhodl.com

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9/8/2023

Thodex founder sentenced to over 11,000 years for $2B crypto fraud

Thodex founder Faruk Fatih Özer has been sentenced to 11,196 years in prison by a Turkish court for charges including fraud and money laundering, after fleeing the country in 2021 and being detained in Albania in August 2022.

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