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Crypto Scammer Faces 40,000 Years In Jail For Stealing $2 Billion

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The man who founded Thodex, a sizeable Turkish cryptocurrency exchange service

Who left this country after stealing $2 billion last year, was arrested. He is now facing 40,564 years in prison.

Last year various cryptocurrency-related scams weighed in at $7.7 billion. Scammers took thousands of dollars, while others ended up with millions. 

Perhaps the most famous crypto fraudster ever was Faruk Fatih Ozer. He is the co-founder of the Turkish trading platform Thodex. 

The company reportedly fled Turkey in April 2021, carrying around $2 billion belonging to 400,000 Thodex customers.

Faruk Fatih Ozer was detained in Albania following Interpol issued a warrant. 

As per Decrypt, the local police uncovered an ex- Thodex chief executive in Vlore, Albania's third famous city.