Thodex CEO found dead: How this $2B crypto scam changed Turkish law

The CEO of former crypto exchange Thodex was found dead in his prison cell. He was serving time for a $2-billion exit scam.

Faruk Fatih Özer was found dead in his prison cell on Nov. 1. The former CEO of now-defunct crypto exchange Thodex was serving an 11,000-year sentence for running one of the largest crypto scams in history.

His death marks the latest turn in the Thodex saga, with ripple effects so significant they altered Turkish cryptocurrency laws.

The initial details of Özer’s death point to suicide, but the investigation is still ongoing. It has once more brought Thodex back into the spotlight.

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