Former Thodex CEO Receives 11,196-Year Sentence in Landmark Crypto Case.
In a landmark ruling, the Anatolian 9th High Criminal Court in Turkey handed down a staggering 11,196-year prison sentence to Faruk Fatih Özer,.
In a landmark ruling, the Anatolian 9th High Criminal Court in Turkey handed down a staggering 11,196-year prison sentence to Faruk Fatih Özer,.
Faruk Fetih Özer, the founder of Thodex, a once-prominent Turkish cryptocurrency exchange, has been sentenced to seven months and 15 days in jail.
In a dramatic court appearance in Turkey, Faruk Fetih Özer, the founder of the now-defunct Turkish cryptocurrency exchange Thodex, vehemently denied all fraud.
The crypto business has been heralded as the future of money, but it has also been plagued by scams and fraud. Thodex, one.
Six Turkish people got arrested since the Thodex crypto exchange CEO is missing. Moreover, these arrested siblings are reportedly holding crypto worth millions.
Various reports indicate that the CEO of a Turkish exchange Thodex has escaped with up to $2 billion in users' funds.