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

September 8, 2023 The Daily Hodl

crypto

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 […]

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Fugitive Crypto Exchange Founder Faruk Ozer Extradited to Turkey

April 21, 2023 Bitcoin.com

albania

Albania 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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Albanian Court Approves Extradition of Crypto Exchange Thodex Founder to Turkey

November 19, 2022 Bitcoin.com

albania

A court in Albania has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is sought for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after disappearing last year as the coin trading platform collapsed. Albanian Judiciary Prepares to Hand Over Alleged Crypto Fraudster and […]

Crypto Bear Market Callers Are Misguided, According to Investor Chris Burniske – Here’s Why

Fugitive Founder of Turkish Crypto Exchange Thodex Arrested in Albania

August 30, 2022 Bitcoin.com

albania

Albanian 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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Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex

April 3, 2022 Bitcoin.com

bitcoin.com

Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit scam. Turkey Seeks up to 40,000 Years […]

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$7,700,000,000 Worth of Crypto Taken From Victims Through Scams in 2021: Chainalysis

December 21, 2021 The Daily Hodl

chainalysis

Scammers have conned more than $7.7 billion worth of digital assets from investors in 2021, partly due to the emergence of a new kind of grift in the crypto world, according to Chainalysis. The analytics firm notes in a new Crypto Crime Report that “rug pulls” are one of the big reasons why scams have […]

The post $7,700,000,000 Worth of Crypto Taken From Victims Through Scams in 2021: Chainalysis appeared first on The Daily Hodl.

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Six Jailed in Connection With Thodex Fraud Case

May 1, 2021 The Crypto Briefing

Source: Crypto Briefing Go to Source Author: Chris Williams

Crypto Bear Market Callers Are Misguided, According to Investor Chris Burniske – Here’s Why

Turkey Jails 6 People as Police Widen Search for Missing Cryptocurrency Exchange CEO Accused of Exit Scam

April 30, 2021 Bitcoin.com

bitcoin.com

Turkey has now jailed six suspects connected to the cryptocurrency exchange Thodex, which has been accused of an exit scam. Turkish authorities and Interpol have widened their search for the exchange’s CEO, who fled the country before shutting down his trading platform, preventing customers from withdrawing their funds. Search Widens for CEO of Crypto Exchange […]

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2 Turkish Crypto Exchanges Investigated for Fraud After Central Bank Bans Cryptocurrency Use for Payments

April 25, 2021 Bitcoin.com

Bitcoin ban

Two Turkish cryptocurrency exchanges are being investigated by the authorities in Turkey after they abruptly halted trading. The authorities have blocked access to the bank accounts of the second exchange and detained four people so far. Sixty-two people have been detained in connection with the first exchange whose CEO has fled the country. Second Turkish […]

Crypto Bear Market Callers Are Misguided, According to Investor Chris Burniske – Here’s Why

Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access $2 Billion of Funds

April 24, 2021 Bitcoin.com

Turkish Crypto Exchange Exit Scam: CEO Flees Country, 62 People Detained, Users Cannot Access Billion of Funds

arrest warrants

A Turkish cryptocurrency exchange with about 400,000 users has been accused of pulling an exit scam. Its CEO has reportedly fled Turkey, allegedly taking $2 billion of customer funds with him. The police have an arrest warrant for the CEO and 62 people have already been detained in connection with the case. Crypto Exchange Accused […]

Thodex

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