Founding father of collapsed crypto alternate Thodex detained in Turkey

The saga of the Turkish cryptocurrency alternate Thodex continues, with the founder being lastly introduced again dwelling in two years after the platform halted buying and selling.

Faruk Fatih Ozer, founder and former CEO of Thodex, has been extradited from Albania to Turkey, Cointelegraph Turkey reported.

Dealing with expenses of fraud and cash laundering, the native police instantly detained the 27-year-old upon his arrival at Istanbul Airport on April 20, the Turkish state-run information company Anadolu Company reported.

In line with the report, the aircraft carrying Ozer took off from the Albanian capital Tirana within the morning and landed at Istanbul Airport on Thursday. The Istanbul Airport Police Division took custody of Ozer on arrival. The detained founder is predicted to endure well being check-ups after which shall be taken to the Istanbul Police Division.

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Ozer’s arrival in Turkey comes nearly two years after the Thodex alternate abruptly halted trading and withdrawals amid reviews of police raids at its workplaces on April 22, 2021. Native publications speculated that the suspension was a part of an exit rip-off involving Thodex CEO Ozer, who fled Turkey with no less than $2 billion price of cryptocurrency stolen from Thodex. Interpol subsequently issued a purple discover for Ozer, who reportedly ran to Albania.

In a few yr after Thodex collapsed, the fugitive founder was arrested in Albania in August 2022. Moreover, Turkish police detained 62 people over alleged Thodex exit rip-off, additionally arresting some siblings of the then-missing CEO.

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