CEO of runaway cryptocurrency exchange Thodex arrested

Faruk Fatih Ozer, founder and CEO of the defunct cryptocurrency exchange Thodex, has been arrested in the Albanian city of Vlore . Thodex, the Turkish exchange, faces up to 40,564 years in prison after Turkey issued a global warrant for Ozer after he ran off with the money in April 2021. Research by Chainanalysis shows that the global cryptocurrency industry will lose $2.8 billion in rug pull scams in 2021, of which 90% will occur on the Thodex exchange. Ozer is believed to have swept away $2.5 billion worth of cryptocurrency. Six people have been arrested in the Thodex case, including Ozer’s family,

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