Collapsed Turkish Crypto Exchange Thodex's CEO Faruk Özer Extradited, Arrested in Istanbul: Report
Özer was arrested in Albania in August last year after an Interpol red notice against him.
Apr 20, 2023 at 9:49 a.m. UTCÖzer was arrested in Albania in August after an Interpol red notice against him. Özer, the founder and CEO of Thodex, fled to Albania after his exchange suddenly went offline last year. More than 400,000 members were left in the dark without access to deposits of $2 billion in cryptocurrencies.
The events surrounding Thodex had created a stir in Turkey where crypto has been used as a hedge against inflation. Özer's brother, sister and four other senior employees were jailed, and at least 83 people were detained as part of the investigation.
DISCLOSURE
Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
:format(webp)/www.coindesk.com/resizer/2T8HrOlILUCuZc0Nt5fqKxPPy6E=/arc-photo-coindesk/arc2-prod/public/LW4HUR2U7BC5RFC4XSV6HGCP4E.png)
Amitoj Singh is CoinDesk's regulatory reporter covering India. He holds BTC and ETH below CoinDesk's disclosure threshold of $1,000.
Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.