Former Thodex CEO Faruk Özer starts 11,196-year prison sentence

Faruk Özer once held a hardware wallet containing $2 billion worth of crypto. This week, he’s entering prison to start his mammoth sentence.

Thodex founder and siblings sentenced to 11,196 years in prison

Thodex chief Farouk Fatih Özer has been sentenced to 11,196 years, 10 months, and 15 days in prison and fined for 135 million liras ($5M).

Farouk Fatih Özer, founder of now-defunct crypto exchange Thodex, has been sentenced to seven months for tax ‘smuggling’ charges.

CEO of defunct Turkish crypto exchange Thodex has claimed he was framed in his first court appearance on Monday.