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Thodex Founder Faruk Özer Partially Released in Fraud Case. Istanbul court partially released Thodex founder Faruk Fatih Özer on January 30, 2025, dropping charges of leading a criminal organization due to insufficient evidence. However, he remains detained for aggravated fraud tied to the 2021 collapse of his crypto exchange, which stranded 400,000 users and $2 billion in assets. Özer fled Turkey post-collapse, was arrested in Albania in 2022, extradited in 2023, and previously received an 11,196-year sentence for fraud and money laundering. The court distinguished between organizational charges and financial misconduct, citing lack of proof for a criminal network. Defense lawyer Sevgi Erarslan welcomed the dismissal, emphasizing presumption of innocence, but acknowledged the gravity of ongoing fraud allegations. She cautioned against media speculation undermining fair trial rights. The case exposed regulatory gaps in Turkey’s crypto market, eroding public trust and spurring stricter oversight. Many victims still seek restitution through lawsuits, highlighting challenges in prosecuting opaque digital currency crimes. Upcoming trials will focus on proving systematic fraud, with experts noting complexities in tracing crypto transactions. The case underscores the balance between accountability and due process in high-stakes financial crimes, shaping debates on global crypto regulation. #ThodexScam #Thodex #Turkey
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Lumia Towers Rebuilds Real Estate with Crypto in Istanbul. 🌐🇹🇷 Lumia Towers is the world’s first crypto-real estate project in Istanbul, combining blockchain innovation with urban ambition. This $220 million twin-skyscraper development reimagines luxury living, decentralized finance, and global connectivity. Spanning 50,000 sqm, the towers will host 300 residential/commercial units, cementing Istanbul’s role as a bridge between Europe and Asia. Designed for tech-driven demand, the project fuels the city’s rise as a innovation hotspot. At its core, the Lumia Lounge will act as Turkey’s epicenter for blockchain collaboration—hosting startups, events, and workshops. This Istanbul launchpad is the first step in a global Web3 expansion plan. Lumia democratizes real estate by tokenizing the towers on blockchain, enabling fractional global ownership. This pilot kicks off a mission to tokenize $1B in assets, disrupting traditional investment barriers. "Turkey ✅ More locations to come 👀" signals Lumia’s blueprint: replicating crypto-ready ecosystems worldwide. Istanbul’s towers are the prototype, blending physical infrastructure with blockchain’s potential. #LumiaAroundTheWorld #BuildOnLumia #Lumia $LUMIA
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LuminaDEX: The First Mina DEX is Audited and Ready for Mainnet
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Davut Karabulut x Kima Network AMA🎙️ Set your reminders for 5 PM UTC!📢 Today, Kima's KOL and Supporter @davut1karabulut aka me will be doing a special live AMA with Kima's Head of BD Atlas Arman. (Turkish) 👀 Here’s what you’ll learn: 💥 Kima in a nutshell: For newcomers to the ecosystem 💥 TGE results: What we’ve achieved so far 💥 Partnerships & integrations: Exciting new collaborations 💥 2025 roadmap: Our vision for the future of DeFi 👉 Davut Karabulut × Kima Network AMA
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Türkiye Aims to Become Global Blockchain Leader, According to Ethereum's Joseph Lubin. 🇹🇷 Turkey is rapidly emerging as a key player in blockchain innovation, earning praise from Ethereum co-founder and Consensys CEO Joseph Lubin. Positioned at the crossroads of Europe and Asia, Turkey is bridging traditional finance with decentralized technologies, driven by a tech-savvy population and progressive regulations. Lubin highlights Turkey’s talent, infrastructure, and regulatory foresight, as developers push advancements in DeFi, digital identity, and Ethereum scalability through projects like Linea zkEVM. Meanwhile, the SEC’s shift from SAB 121 to SAB 122 signals a more favorable U.S. regulatory stance, boosting institutional crypto adoption. With MetaMask adoption surging and Coinbase eyeing expansion, Turkey’s blockchain ecosystem is set to play a crucial role in Consensys’s 2025 roadmap. As the global market adapts, Turkey’s balanced approach to regulation and innovation could serve as a model for other nations in the digital finance revolution. #Ethereum #JosephLubin #ETH #türkiye #Turkey $ETH
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