The founder of Thodex, a sizeable Turkish cryptocurrency exchange service, who fled the country with $2 billion last year, has been arrested. He now faces some 40,564 years in jail.
Last year various cryptocurrency-related scams weighed in at $7.7 billion. Some of the scammers stole thousands; some ended up with millions. Still, perhaps the most notorious crypto scammer ever is supposedly Faruk Fatih Özer, the founder of Turkish cryptocurrency exchange Thodex. They allegedly fled the country in April 2021 with about $2 billion that belonged to around 400,000 Thodex clients.
Faruk Fatih Özer was recently arrested in Albania after Interpol issued an appropriate order. The local police found the former Thodex chief exec in Vlorë, Albania's third most famous city, reports Decrypt. Co. The identity of Özer was confirmed using biometric results.
While some Thodex employees were already detained in April 2021, the manhunt for Özer continued for over a year. As a result, he and other founders and executives of the ill-fated crypto exchange are now facing 40,564 years for each, Bloomberg reported earlier this year.
