Turkish Court Sentences Fugitive Crypto Exchange Founder to Over 11,000 Years for Massive Fraud
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Faruk Fatih Ozer sentenced to over 11,000 years in prison by Turkish court for fraud and other crimes related to his crypto exchange Thodex.
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Ozer founded Thodex in 2017 and fled to Albania when it collapsed in 2021.
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Total investor losses from Thodex collapse unclear but estimates range from $13 million to as high as $2.6 billion.
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Ozer was extradited from Albania to Turkey earlier this year to face charges.
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Ozer appeared unrepentant in court, saying he was smart enough to lead any institution at age 22 when he started Thodex.