Thodex indictment demands 40,564 years prison time for CEO

TL;DR Breakdown

  • The Turkish prosecutor has called for a 40,000-year sentence for Thodex Rugpull’s founder.
  • Faruk Fatih Özer, the founder of Thodex, is still missing and wanted by Interpol.

Last April, Thodex, a crypto business based in Turkey, announced that its platform had been “temporarily closed” to address an “abnormal fluctuation in the company accounts,” while founder and CEO Faruk Fatih Ozer escaped with over $2 billion of investors’ money to Albania.

Thodex indictments over a rug pull scam

According to Demiroren News Agency, the indictment on Thodex, an Istanbul-based firm, seeks sentences of up to 40,564 years for each defendant. The mentioned persons include the 28-year-old CEO Faruk Fatih Ozer, who has been missing for a year. After the video of Ozer at Istanbul airport surfaced in April 2021, Turkish police teams traveled to four nations, including Albania, in fruitless searches for him.