A prosecutor in Turkey has requested jail sentences of as much as 40,564 years for 21 officers of the Istanbul-based Thodex cryptocurrency change, virtually a 12 months after it was shut down and its CEO disappeared.
CEO Faruk Fatih Ozer, 28, was noticed in airport footage final April. Turkish police haven’t been capable of find him, even if he’s wished beneath a crimson discover, in accordance with Interpol.
In keeping with Bloomberg News, the accusation fees the defendants with making a prison group, committing fraud, and laundering cash. Thodex was part of the Turkish cryptocurrency bubble, which drew buyers seeking to safe their cash from inflation and a falling foreign money.
In keeping with the accusation, complete losses on the change had been round $24 million, whereas a February investigation by Chainalysis estimated losses at $2.6 billion. Ozer said in an announcement printed final April from an unknown location that he would repay buyers and return to Turkey. Turkish authorities detained 62 people within the preliminary investigation final 12 months. In keeping with Turkish authorities, Ozer fled to Tirana, Albania.
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