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Key Takeaways
- An investigation is underway after Thodex founder Faruk Fatih Özer was discovered hanging in his jail room’s lavatory.
- Thodex collapsed in April 2021, resulting in large losses for traders earlier than Özer fled to Albania, the place he was captured and later extradited to Turkey.
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Faruk Fatih Özer, the founding father of Thodex, previously certainly one of Turkey’s greatest crypto exchanges, was discovered lifeless in his jail cell at Tekirdağ F-Sort Excessive Safety Closed Penitentiary, suspected to be by suicide, gdh digital reported Saturday.
Özer, who had fled to Albania, was extradited to Turkey after being charged with a number of crimes, together with aggravated fraud and cash laundering by Thodex, which collapsed in April 2021 following an abrupt shutdown that resulted in large-scale losses for retail and institutional traders utilizing the trade.
In September 2023, Özer was sentenced to 11,196 years in jail for fraud. Key figures linked to Thodex’s operations, together with his siblings and senior workers had been additionally arrested and jailed.
An investigation into Özer’s loss of life is underway.
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