2 entries tagged “turkey”.
A Turkish exchange that abruptly halted withdrawals in April 2021 as founder Faruk Fatih Özer fled abroad. Loss estimates are disputed (the indictment cited ~$43M; media reported up to ~$2B). Özer was sentenced to 11,196 years in 2023.
Founder and CEO of the Turkish exchange Thodex, which halted withdrawals in April 2021 as he fled abroad. Sentenced in 2023 to 11,196 years; reported to have died in prison in November 2025.
