Former CEO of Turkish crypto exchange Thodex dies in prison after being sentenced to 11,000 years for a $2 billion scam

金色财经2025/11/08 15:06

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Jinse Finance reported, citing Cointelegraph, that Faruk Fatih Özer, the former CEO of Turkish cryptocurrency exchange Thodex, was found dead in prison on November 1, with preliminary investigations indicating a possible suicide. Özer was sentenced in 2023 to 11,196 years in prison for orchestrating a $2 billion cryptocurrency exit scam. In April 2021, Thodex suddenly suspended trading and withdrawal functions, after which Özer fled overseas. After more than a year on the run, he was arrested in Albania in August 2022 and extradited back to Turkey in April 2023. This case prompted the Turkish government to strengthen regulation of the cryptocurrency industry, including banning crypto payments and implementing new investor protection measures, which indirectly boosted the adoption and trading activity of cryptocurrencies locally.

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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.

华尔街见闻•2026/09/26 11:36