Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex

Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case.

The indictment was quoted by Demiroren news agency and Hurriyet, about a year after the platform stopped trading.

The 28-year-old Ozer has been missing since last year and is still wanted on a red notice from Interpol, despite efforts by Turkish law enforcement to locate him in several countries.

Thodex became popular during the latest crypto boom which attracted many Turks looking to protect their savings from the high inflation of their national fiat currency, the Turkish lira.

According to local media reports at the time, Ozer fled to Albania with $2 billion of their money.

Turkish authorities launched fraud investigations against it and another Turkish trading platform, Vebitcoin, which also ceased operations after the central bank of Turkey prohibited the use of cryptocurrencies for payments.

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