Prosecutor seeks thousands of years of prison for missing CEO of Turkish crypto exchange Thodex

04/03 09:01

According to News.bitcoin, Faruk Fatih Ozer, founder and chief executive of the crypto exchange Thodex, and another 20 people involved in its operations, should each get up to 40,564 years of jail time, according to a Turkish prosecutor. The defendants are accused of establishing a criminal organization, fraud, and laundering of proceeds from illicit activities. The 28-year-old Ozer has been missing since last year and is still wanted on a red notice from Interpol, despite efforts by Turkish law enforcement to locate him in several countries. According to local media reports at the time, Ozer fled to Albania with $2 billion of their money. The Turkish indictment quotes losses of 356 million lira ($24 million). However, according to an estimate in a Chainalysis report published in January, the figure should be much higher — $2.6 billion.
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