Turkish Crypto Exchange Boss Sentenced to Over 11,000 Years for $2 Billion Fraud

Turkish crypto boss Faruk Fatih Ozer sentenced to over 11,000 years in prison for fraud and money laundering
Ozer founded exchange Thodex in 2017, which collapsed in 2021 costing investors $2 billion
Ozer fled to Albania when Thodex collapsed but was extradited to Turkey to stand trial in June
Prosecutors believe Thodex was worth $43 million before imploding
Long prison sentences not uncommon in Turkey - cult leader got over 8,000 years in 2022

nydailynews.com

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