Thodex Founder Denies Fraud Charges in Turkey
According to local media, Faruk Fatih Ozer, the founder and CEO of the Turkish crypto exchange Thodex, has denied cheating investors on the trading platform. After being extradited from Albania in April, he made his first court appearance in his home nation on June 12.
Thodex went bankrupt in 2021 after acquiring 400,000 subscribers, and Ozer fled Turkey with a reported $2 billion in investor funds. He was wanted on an Interpol red alert until his arrest by Albanian law enforcement on August 30, 2022.
During the hearing on Monday, which was part of a trial against 21 people charged in connection with the trade, Ozer alleged that he was framed, dismissing all claims of fraud levelled against him. Seven of the other defendants are also in detention, the Hurriyet Daily News noted in a report.
(With inputs from Shikha Singh)
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