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Turkey Says Fugitive Crypto CEO Arrested in Albania Over Fraud

Aug. 30, 2022, 10:58 AM

Turkey said Albanian police have arrested Fatih Ozer, the founder and CEO of cryptocurrency trading platform Thodex, who has been sought by Turkish authorities over fraud accusations.

The process to extradite Ozer to Turkey has started, according to a statement from the Interior Ministry.

Turkish prosecutors are pursuing jail sentences totaling thousands of years for the founders and executives of Thodex. They are accused of establishing a criminal organization, fraud through informatics systems and laundering proceeds from criminal activity, according to the prosecutors.

Thodex was part of the cryptocurrency boom driven by local investors seeking to protect their savings ...