Turkish Crypto Exchange Thodex CEO Sentenced to 11,000 Years for $2B Scam: Report

The former CEO of the Turkish cryptocurrency exchange Thodex, Faruk Fatih Özer, has been sentenced to an astonishing 11,196 years in prison by a Turkish court. He faced serious charges including “establishing, managing and being a member of an organization,” “qualified fraud,” and “laundering of property values.”

The Anatolian 9th High Criminal Court also imposed the same lengthy sentence on Özer’s two siblings, alongside a fine of $5 million, as reported by state-run news agency Anadolu Agency.