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Coinbase to leave Turkey after ending USDC yields in EU

Coinbase has pulled out of Turkey’s crypto market and requested to be liquidated in order to “remain adaptive to regulatory landscapes.”

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.

Turkey says it has detained 34 suspects involved in reconnaissance, surveillance, and kidnapping operations on Mossad’s behalf.

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).

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