Turkish Crypto Boss Sentenced to Over 11,000 Years in Prison

From bnnbloomberg.ca

Faruk Fatih Ozer, who ran crypto exchange Thodex until it imploded in 2021, was sentenced to 11,196 years in prison by a Turkish court for crimes including fraud. Delivering its verdict late Thursday, the court in Istanbul sentenced Ozer and his two siblings to similar-length jail terms, finding them guilty of aggravated fraud, leading a criminal organization and money laundering. Ozer, a high-school dropout who founded Thodex in 2017 and fled to Albania after Thodex went bust, appeared unrepentant at his final hearing. “I am smart enough to lead any institution on Earth,” state-run Anadolu Agency cited Ozer as ... (full story)