Thodex Founder Faruk Fatih Ozer Dies in Turkish Prison
  • Who: Faruk Fatih Ozer, founder and former CEO of cryptocurrency exchange Thodex.
  • What happened: Ozer died in Tekirdağ F-Type High Security Closed Prison while serving an 11,196-year sentence for aggravated fraud, money laundering, and leading a criminal organization.
  • Background: Thodex collapsed in April 2021, leaving over 400,000 users with $2.6 billion in losses. Ozer had fled to Albania after the collapse and was arrested in August 2022, then extradited to Turkey.
  • Circumstances of Death: Found hanging in his single-person cell bathroom; initial reports suggest suicide, though an official investigation is ongoing.
  • Justice Minister Statement: Yılmaz Tunç confirmed an investigation, stating cause of death to be determined.

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