Faruk Fatih Ozer, founder and former CEO of the Turkish cryptocurrency exchange Thodex, was found dead on November 1, 2025, in his prison cell. Authorities are investigating the possibility of suicide. Ozer was serving a staggering 11,196-year sentence, given in 2023 for charges including fraud and money laundering. Thodex, founded in 2017, collapsed suddenly in 2021, leaving thousands of investors with losses around $2.6 billion. Ozer fled to Albania but was arrested and extradited back to Turkey. His death has renewed calls for stronger crypto regulations.
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