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.
Özer 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.
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