Here’s What Happened in Crypto Today – Cointelegraph

A Nevada-based chartered trust company has been acquired as part of an expansion of a blockchain portfolio. Faruk Fatih Özer, the former CEO of the Turkish cryptocurrency exchange Thodex, has received an astonishing sentence of 11,196 years in prison following his conviction on charges including fraud and money laundering. Additionally, the crypto firm LBRY has initiated a fresh appeal against the United States Securities and Exchange Commission regarding a judgment made on July 11.

In a recent announcement on September 8, Ripple, a leading enterprise blockchain firm, revealed its acquisition of Fortress Trust, based in Nevada, though financial details of the deal were not disclosed.

### Turkish Crypto Exchange Thodex CEO Sentenced for $2 Billion Scam

### LBRY Initiates Appeal Against SEC