Thodex Founder Denies Fraud Charges, Says He Was Framed (Report)

Faruk Fetih Özer – Founder of the defunct Turkish cryptocurrency exchange Thodex – has reportedly denied all fraud accusations against him during a court appearance in his homeland. The 29-year-old allegedly fled Turkey shortly after his entity halted trading services and shut down its official website. 

Rumors indicated that he pocketed over $2 billion in users’ funds, which was labeled as the biggest crypto scam in the country’s history. Özer was detained in Albania last summer and later deported to Turkey, where a legal process will determine whether he had a hand in the collapse and his possible prison sentence.