Collapsed Turkish Crypto Exchange Thodex's CEO Faruk Ozer Extradited, Arrested In Istanbul

Faruk Fatih Ozer, the founder of Thodex, one of Turkey's largest crypto exchanges, facing charges of fraud and running a criminal organization, has been extradited to Turkey and was detained by police upon arrival in Istanbul, state media aa.com reported on Thursday. CoinDesk reports: Ozer was arrested in Albania in August after an Interpol red notice against him. Ozer, the founder and CEO of Thodex, fled to Albania after his exchange suddenly went offline last year. More than 400,000 members were left in the dark without access to deposits of $2 billion in cryptocurrencies. The events surrounding Thodex had created a stir in Turkey where crypto has been used as a hedge against inflation. Ozer's brother, sister and four other senior employees were jailed, and at least 83 people were detained as part of the investigation.

Read more of this story at Slashdot.