Farouk Fatih Ozer – the founding father of crypto trade Thodex – has been extradited to his dwelling nation of Turkey, the place he faces expenses of fraud and operating a legal group.
Thodex was one of many largest crypto exchanges in Turkey. It later turned out to be an exit rip-off, with Özer disappearing with $2.6 billion value of crypto funds and leaving round 400K customers excessive and dry.
- In accordance with a latest state media report, the 27-year-old founder was detained by police after arriving in Istanbul.
- Thodex halted all transactions in April 2021, citing an unspecified partnership supply valuation. Whereas its official web site assured customers that it could be again up quickly, executives started deactivating their social media profiles.
- The platform’s buyer assist group additionally turned unreachable quickly after. Founder and CEO Farooq Fatih Ozer, too Shut it down His Twitter account and reportedly fled to Albania.
- Sources mentioned he managed to stay in hiding for greater than a yr earlier than regulation enforcement brokers in Albasan lastly tracked down his location and arrested him.
2 Billion Dolarla kaçan Thodex kurukusu Faruk Fatih Özer delivered to İstanbul. #farukfatihozer #thodex https://t.co/QuYk3sxesU pic.twitter.com/DAsb7BN2ne
— İŞTE GÜNDEM (@istegudemcom) April 20, 2023
- Subsequently, Interpol additionally issued a purple discover for Ozar’s arrest.
- A Turkish court docket sentenced six folks, together with two siblings of the CEO, to jail a month after the scandal. The remaining 4 have been senior staff of the corporate.
- Officers additionally detained 62 folks concerned within the Thodex exit rip-off.
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