Thodex Founder Extradited to Turkey After Disappearing with $2.6B User Funds

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Thodex Founder Extradited to Turkey After Disappearing with $2.6B User Funds
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He was chased by international authorities for nearly two years before he was finally captured in Albania.

Faruk Fatih Özer – the founder of crypto exchange Thodex – has been extradited to his home country, Turkey, where he faces charges of fraud and operating a criminal organization.

Thodex was one of the largest crypto exchanges in Turkey. It later turned out to be an exit scam, with Özer disappearing with $2.6 billion worth of crypto funds leaving around 400K users high and dry.by state media, the 27-year-old founder was detained by police upon arrival in Istanbul. Thodex halted all transactions citing an evaluation of an unspecified partnership offer in April 2021. While its official website assured users that it would be back up shortly, the executives started deactivating their social media profiles.

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