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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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