The former head of the Thodex crypto exchange Faruk Fatih Ozer and two of his relatives received 11,196 years in prison, Bloomberg reports.
A court in Istanbul found them guilty of aggravated fraud, leading a criminal organization and money laundering.
The total amount of losses suffered by investors as a result of Thodex's collapse has not yet been determined. The prosecutor's indictment estimates them at 356 million liras ($13 million), with Turkish media reporting figures as high as $2.6 billion.
