Turkish authorities in an announcement issued at this time have mentioned that the founding father of Thodex, Faruk Fatih Özer, has been arrested in Albania. The founder and CEO of the embattled Turkish crypto alternate Thodex have been at massive since April 2021 after the alternate abruptly shut down its operation and the CEO went into hiding.
There are earlier studies that the CEO may face a jail time period of as much as 40,564 years.
Faruk Fatih Özer has been on Interpol’s radar for his position within the in a single day disappearance of Thodex, leaving 1000’s of consumers unable to entry their accounts and funds.
Following the arrest, Interpol initiated the method of extraditing Özer again to Turkey the place he’s anticipated to face a troublesome authorized battle.
Thodex’s debacle
Thodex was a famend crypto alternate in Turkey that was launched in 2017. The crypto alternate nevertheless abruptly halted buying and selling in April 2021.
Initially, the crypto alternate cited an unspecified exterior funding as the explanation for a four-to-five days pause in buying and selling actions. However a day later, Özer mentioned that they halted operations on account of a cyber-attack and even promised to refund cash to traders shortly.
When Thodex went below, the Turkish police detained 62 folks, seized the corporate’s computer systems, and froze the corporate accounts. By this time Özer had already discovered his option to Albania and the Turkish authorities had been in search of to have him arrested and extradited again to the nation.
Özer’s arrest
Faruk Fatih Özer was arrested at this time in Vlorë, a coastal metropolis in Albania. Vlorë is the third most populous metropolis within the nation.
Albania’s inside minister mentioned that the id of Özer was confirmed utilizing biometric outcomes and that he’s ready to be extradited.
Thus far, the Turkish authorities has launched a invoice in search of to ascertain new guidelines for the cryptocurrency business.
