April

Faruk Fatih Özer &#8211; the founder of crypto exchange Thodex &#8211; has been extradited to his home country, Turkey, where he faces charges of fraud and operating a criminal organization.
Thodex was one of the largest crypto exchanges in Turkey. It later turned out to be an exit scam, with Özer disappearing with $2.6 billion worth of crypto funds leaving around 400K users high and dry.
<ul>
<li>According to the latest <a href="https://www.aa.com.tr/en/europe/fugitive-crypto-exchange-founder-ozer-extradited-to-turkiye/2877114" target="_blank" rel="noopener" data-wpel-link="external">report</a> by state media, the 27-year-old founder was detained by police upon arrival in Istanbul.</li>
<li>Thodex halted all transactions citing an evaluation of an unspecified partnership offer in April 2021. While its official website assured users that it would be back up shortly, the executives started deactivating their social media profiles.</li>
<li>The platform&#8217;s customer support group also became <a href="https://cryptopotato.com/ceo-of-a-turkish-crypto-exchange-thodex-reportedly-runs-off-with-2-billion/" target="_blank" rel="noopener" data-wpel-link="internal">inaccessible</a> soon thereafter. The founder and CEO Faruk Fatih Özer, also <a href="https://twitter.com/farukfatihozer" target="_blank" rel="noopener" data-wpel-link="external">shut down</a> his Twitter account and reportedly fled to Albania.</li>
<li>Sources said that he managed to stay undercover for more than a year before law enforcement agents in the Elbasan finally detected his location and <a href="https://cryptopotato.com/albanian-court-confirms-the-extradition-of-thodexs-ceo-to-turkey-report/" target="_blank" rel="noopener" data-wpel-link="internal">arrested</a> him.</li>
</ul>
<blockquote class="twitter-tweet">
2 Milyar Dolarla kaçan Thodex kurucusu Faruk Fatih Özer İstanbul&#8217;a getirildi. <a href="https://twitter.com/hashtag/farukfatihozer?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#farukfatihozer</a> <a href="https://twitter.com/hashtag/thodex?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">#thodex</a> <a href="https://t.co/QuYk3sxesU" data-wpel-link="external" target="_blank">https://t.co/QuYk3sxesU</a> <a href="https://t.co/DAsb7BN2ne" data-wpel-link="external" target="_blank">pic.twitter.com/DAsb7BN2ne</a>
— İŞTE GÜNDEM (@istegundemcom) <a href="https://twitter.com/istegundemcom/status/1648965877331525633?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank">April 20, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<ul>
<li>Subsequently, Interpol also issued a Red Notice against Özer for his capture.</li>
<li>A Turkish court <a href="https://cryptopotato.com/turkey-jails-6-suspects-connected-to-the-thodex-fraud-including-two-ceo-siblings/" target="_blank" rel="noopener" data-wpel-link="internal">jailed</a> six people, including two siblings of the CEO, a month after the scandal. The rest four were senior employees of the company.</li>
<li>The authorities had also detained 62 people <a href="https://cryptopotato.com/62-people-arrested-in-turkey-allegedly-connected-to-the-thodex-exchange-heist/" target="_blank" rel="noopener" data-wpel-link="internal">associated</a> with the Thodex exit scam.</li>
</ul>
The post <a href="https://cryptopotato.com/thodex-founder-extradited-to-turkey-after-disappearing-with-2-6b-user-funds/" rel="nofollow">Thodex Founder Extradited to Turkey After Disappearing with $2.6B User Funds</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow">CryptoPotato</a>.

Thodex Founder Extradited to Turkey After Disappearing with $2.6B User Funds

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