Crypto News

Albanian and Turkish officials agree on Thodex CEO’s deportation

Thodex CEO

According to the BBC, Faruk Fatih Ozer’s deportation was agreed upon by Albanian and Turkish officials, and he has 15 days to appeal the decision.

The 27-year-old and his struggling cryptocurrency trading platform, Thodex, made headlines last year when he suspended trading and shut down the website.

In addition, it was one of the largest platforms in Turkey at the time, so the investors suffered a significant setback.

Furthermore, several reports claim that Ozer fled to Albania after stealing $2 billion from his customers. After hiding out for nearly a year, he was apprehended by police officers in the Albanian city of Elbasan.

The Turkish government has made it obvious that it intends to punish Ozer severely. The investigation argued that Ozer should be sentenced to 40,562 years in jail.

The authorities contended that Ozer should be sentenced to 40,562 years in prison.

Furthermore, Ozer’s brother and sister, as well as other allies, have already served prison sentences.

Earlier this month, Turkish authorities busted another criminal organization, seizing $40 million in digital assets. The organization used a variety of cryptocurrency wallets to launder money obtained from illegal sports betting.

Furthermore, the investigators calculated that the gambling enterprise handled $135 million in cryptocurrency during the course of its operation. According to Minister Soylu, the amount confiscated is “just the beginning” of the action.

The Ministry has also informed other European countries about the occurrence, raising hopes that this information will help fight similar crimes in the region.


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