Thodex Founder Farul Fatih Ozer Arrested in Turkey After $2 Billion Crypto Exit
Farul Fatih Ozer, the founder and CEO of the collapsed Turkish cryptocurrency exchange Thodex, has been apprehended in Turkey, marking an end to a two-year saga following the platform’s sudden shutdown and allegations of a massive exit scam. Ozer, 29, faces serious charges of fraud and money laundering connected to the disappearance of billions in investor funds.
The Thodex Collapse and Ozer’s Flight
Thodex, established in 2017, abruptly ceased operations in April 2021, leaving its users in the dark. Initially, the exchange cited an “abnormal fluctuation in company accounts” as the reason for the temporary closure. However, alarm bells rang when Ozer vanished shortly after, allegedly fleeing to Albania with a staggering $2 billion of investors’ money. Demirorn News Agency published images of Ozer departing from Istanbul Airport, fueling widespread panic among the exchange’s user base. A lawyer who filed a criminal complaint against Ozer stated that Thodex had approximately 400,000 users at the time of its collapse, leaving a significant number of individuals potentially affected by the alleged fraud.
The arrest of Farul Fatih Ozer offers a glimmer of hope for Thodex investors seeking justice and the recovery of their lost funds. The legal proceedings that will follow will be closely watched, not just in Turkey, but across the global cryptocurrency landscape, as it highlights the risks associated with unregulated or poorly managed digital asset platforms.
Keywords
Related Keywords: Thodex, Faruk Fatih Ozer, Turkey, crypto scam, crypto fraud, 2 billion, jailed, extradition, cryptocurrency exchange, fraud conviction
