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Court Hands 11,196-Year Prison Sentence to CEO of Exchange That Collapsed With $2,000,000,000+ in Crypto: Report

Court Hands 11,196-Year Prison Sentence to CEO of Exchange That Collapsed With ,000,000,000+ in Crypto: Report

The chief executive of a collapsed crypto exchange has reportedly been handed a staggering prison sentence of over 11,000 years. According to a new report by Euronews, Faruk Özer, the CEO of Istanbul-based crypto exchange Thodex, has been given 11,196 years in jail for stealing $2 billion worth of crypto assets from customers. Thodex suddenly […]

The post Court Hands 11,196-Year Prison Sentence to CEO of Exchange That Collapsed With $2,000,000,000+ in Crypto: Report appeared first on The Daily Hodl.

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Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

Fugitive Crypto Exchange Founder Faruk Ozer Extradited to TurkeyAlbania has extradited the founder of Turkish cryptocurrency exchange Thodex to his home country where he is charged with defrauding investors. The crypto entrepreneur disappeared after his trading platform unexpectedly went offline in the spring of 2021 and was arrested last year by Albanian law enforcement. Albania Hands Over Alleged Crypto Fraudster to Turkish Authorities […]

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Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania

Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in AlbaniaAlbanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol. Albania Captures Alleged Crypto Fraudster, Prepares to Hand Him Over to Turkish Judiciary Police […]

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