The Mega Maxi
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • About
  • Community
  • Contact
No Result
View All Result
The Mega Maxi
No Result
View All Result
Home News

Crypto Exchange Founder Fled With $2 Billion Detained, Faces 40,000 Years in Jail

Danesh by Danesh
September 9, 2022
Reading Time: 1 min read
0
Crypto Exchange Founder Fled With $2 Billion Detained, Faces 40,000 Years in Jail
  • The founder of Thodex, a large Turkish Bitcoin exchange firm, has been detained after fleeing Turkey with over $2 billion last year.
  • He now faces 40,564 years in prison.

Faruk Fatih Ozer was recently captured in Albania when International Police issued a warrant of arrest. According to Decrypt, the former Thodex CEO was captured by local authorities in Vlor, Albania’s third most populous city. Biometric data were used to establish Ozer’s identification.

While several Thodex personnel were apprehended in April 2021, their quest for Ozer lasted more than a year. As a result, he and the other founders and officials of the doomed crypto exchange face 40,564 years in prison.

RELATED POSTS

Nakamigos: Did the studio behind Cryptopunks launch the project?

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

Various cryptocurrency-related frauds cost $7.7 billion last year. Some of the fraudsters took hundreds of dollars, while others grabbed millions. Still, the founder of Turkish crypto currency Thodex, Faruk Fatih Ozer, is said to be the most famous crypto scammer of all time. They allegedly departed the country in April 2021 with around $2 billion belonging to approximately 400,000 Thodex clients.

Thodex has been in business until 2017 and had approximately 700,000 customers in Turkey, where cryptocurrency have been frequently utilized to protect assets since the country’s currency lira has been experiencing a secular fall for years. However, because practically everyone in Turkey has started a cryptocurrency exchange, the government adopted far harsher laws by early 2021 to crack down on this business.

Editor’s Note: This article by The Mega Maxi is not a financial advise.

Tags: cryptocrypto exchange
ShareTweetShare
Danesh

Danesh

Related Posts

Nakamigos
News

Nakamigos: Did the studio behind Cryptopunks launch the project?

March 28, 2023
Metasports Acquires Kusho NFTs
News

Joe Josue, CEO of Metasports Acquires Kusho World NFTs

March 22, 2023
Meta Killing NFT Features
News

Meta Is Killing Its NFT Features Amidst Crypto Meltdown

March 14, 2023
Next Post
LG to Support Buying and Selling of NFTs From TV

LG to Support Buying and Selling of NFTs From TV

Jihoz Will Come To The Philippines In November 2022

Jihoz Will Come To The Philippines In November 2022

Follow Us!

Recommended Stories

POW with Bianca

POW with Bianca

March 17, 2023
Honaka

POW With Honaka

March 6, 2023
Top Web3 Builders Axie

Top Web3 Builders That Started With Axie Infinity: How P2E Games Impacts Web3

March 22, 2023
Contact Terms Privacy

Name

Copyright © 2023 The Mega Maxi. All rights reserved.

Facebook-f Twitter Instagram Tiktok
No Result
View All Result
  • Home
  • News
  • Topics
    • Art
    • Careers
    • Guides
    • Business
  • Features
    • Features
    • Power Rankings
    • TMM TownHall
    • POW Series
  • Community
  • About
  • Contact Us

Copyright © 2022 The Mega Maxi. All rights reserved.

Stay Updated

Don’t miss out on the latest Web3 news, insights, and alphas. Get the best of TMM straight to your inbox!

Name
Email