Thodex founder sentenced to over 11,000 years for $2B crypto theft in Turkey's crackdown

Turkish court sentences Thodex founder Faruk Fatih Özer to over 11,000 years in prison for $2B crypto theft in 2021.
Özer fled Turkey after exchange collapsed, leaving 400,000 users out of pocket. He was later arrested in Albania.
Özer's siblings also received long sentences and large fines for involvement in the scheme.
The collapse of Thodex, once Turkey's largest crypto exchange, exemplifies authorities' harsh crackdown.
Most former Thodex employees were acquitted or released for lack of evidence, while Özer and relatives saw heavy punishment.

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Posted 9/8/2023, 2:47:22 PM