Crypto

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

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

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