Thodex exchange founder extradited to Turkey, faces criminal charges
If convicted by Turkish courts, Faruk Fatih Ozer, CEO of defunct Thodex exchange, could face over 10 years in prison and disgorgement of illicit gains.
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Thodex CEO facing 40,000+ years in prison arrested in Albania
Faruk Fatih Özer disappeared in 2021 from Turkey, allegedly taking off with over $2 billion worth of digital assets from 400,000 users, some of which he cashed out on Kraken.
Missing Thodex CEO may face 40,000+ years behind bars in new indictment
The indictment by Turkish prosecutors also seeks similar sentences for 20 other defendants whom it charges with informatics systems fraud and money laundering.
Turkey plans central custodian bank following digital currency exchange fraud
Senior government officials in Turkey are considering establishing a centralized authority to tackle counterparty risk in digital currency transactions, after employees were arrested at Vebitcoin and Thodex.
Turkey arrests 62 over alleged $2B Thodex exit scam as leader flees country
Thodex exchange is suspected of taking $2 billion from close to 400,000 investors in Turkey, according to reports.