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.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The odds of the ADA/USD price reaching $1 have increased as November begins. The Cardano…
Crypto markets are gaining strength as investors anticipate another major uptrend heading into 2025. XRP…
October 2025 turned out to be a quieter month for crypto security breaches — but…
Story Highlights The live price of the AAVE token is . AAVE price could surge…
It’s been a defining week for crypto. From SBF’s latest attempt to reshape his own…
Story Highlights The live price of the Aptos token is Aptos could reach a maximum…
