Thodex founder Faruk Fatih Özer, sentenced to 11,196 years for fraud, was found dead in his Turkish prison cell, reportedly by suicide. Authorities have launched an investigation into his death.

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"Özer, who had fled to Albania, was extradited to Turkey after being charged with multiple crimes, including aggravated fraud and money laundering through Thodex, which collapsed in April 2021 following an abrupt shutdown that resulted in large-scale losses for retail and institutional investors using the exchange."

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Thodex founder Faruk Fatih Özer, sentenced to 11,196 years for fraud, was found dead in his Turkish prison cell, reportedly by suicide. Authorities have launched an investigation into his death.

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Thodex founder Faruk Fatih Özer, sentenced to 11,196 years for fraud, was found dead in his Turkish prison cell, reportedly by suicide. Authorities have launched an investigation into his death.

More on Fraud

India arrests key suspect linked to Myanmar crypto scam compounds, exposing trafficking network that forced victims into global fraud operations across Southeast Asia

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

Meta tolerated widespread ad fraud from China to protect billions in revenue, internal documents show, even as the company found that up to 19% of its $18 billion China ad business came from scams and banned content.

US prosecutors expanded charges against crypto promoter Rodney Burton over the $1.8B HyperFund fraud, citing wire fraud, money laundering, and flight risk after bail denial.

Hollywood filmmaker Carl Erik Rinsch scammed Netflix out of $11 million and blew the cash on crypto memes making some profits with Dogecoin

US prosecutors seek a 12-year sentence for Do Kwon over Terra’s $40B collapse, calling his actions colossal fraud that triggered wider market failures and contributed to FTX’s downfall.

India arrests key suspect linked to Myanmar crypto scam compounds, exposing trafficking network that forced victims into global fraud operations across Southeast Asia

US senators proposed the SAFE Crypto Act to coordinate Treasury, law enforcement, and private firms against crypto scams, including social engineering attacks. Backers say stronger enforcement tools could sharply curb fraud as crypto-related losses surge.

Meta tolerated widespread ad fraud from China to protect billions in revenue, internal documents show, even as the company found that up to 19% of its $18 billion China ad business came from scams and banned content.

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