Ex-CEO of the Thodex crypto exchange receives prison sentence of 11,000 years 🤷‍♂️

The former CEO of the Thodex crypto exchange, Faruk Fatih Özer, has been sentenced by a Turkish court to imprisonment for 11,196 years. The court in Istanbul found Özer and two of his relatives guilty of fraud, running a criminal organization, and money laundering.

Thodex is a Turkish cryptocurrency exchange founded in 2017. In April 2021, its founder, Özer suddenly left the country, and the platform ceased operations. More than 2,000 Thodex customers sued the exchange, accusing the platform of fraud and the theft of millions of dollars.

The total damage to users is still unknown. However, the indictment says 356 million Turkish liras ($13 million), with local media reporting figures as high as $2 billion.#BinanceTournament #CYBER #pepe #crypto2023 #Binance