{"id":148040,"date":"2025-01-30T16:00:43","date_gmt":"2025-01-30T14:00:43","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=148040"},"modified":"2025-01-30T14:15:40","modified_gmt":"2025-01-30T12:15:40","slug":"crypto-exchange-founder-released-despite-facing-over-11000-years-in-prison","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/crypto-exchange-founder-released-despite-facing-over-11000-years-in-prison\/","title":{"rendered":"Crypto Exchange Founder Released Despite Facing Over 11,000 Years in Prison"},"content":{"rendered":"<p>Initially arrested after being extradited from Albania to Turkey, \u00d6zer was expected to face a lengthy prison sentence but was unexpectedly freed, raising questions about the legal process.<\/p>\n<p>After fleeing Turkey, \u00d6zer was apprehended in Albania on August 30, 2022, and handed over to Turkish authorities in April 2023. Prosecutors had built a case against him, demanding a staggering 11,462-year sentence for his alleged role in defrauding thousands of investors.<\/p>\n<p>However, in a surprising turn, a court decision led to his release, sparking backlash from victims and legal experts alike.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-148017\" href=\"https:\/\/cryptodnes.bg\/en\/2025-crypto-trends-institutional-players-stablecoins-and-layer-2-adoption\/\" title=\"2025 Crypto Trends: Institutional Players, Stablecoins, and Layer 2 Adoption\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/na-Questions-cryptocurrency-1000x630-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">2025 Crypto Trends: Institutional Players, Stablecoins, and Layer 2 Adoption<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Following complaints from 572 individuals, authorities launched a fresh inquiry, resulting in an indictment on January 22, 2024. The document names 21 suspects, including \u00d6zer, and outlines severe accusations such as fraud, money laundering, and operating a criminal network. A MASAK report further confirmed that victims lost 94 million lira in the Thodex collapse.<\/p>\n<p>Despite the severity of the charges, \u00d6zer\u2019s release has led to widespread criticism, with legal efforts now underway to challenge the decision. Many see this as a setback in holding financial criminals accountable, while the case continues to unfold as one of Turkey\u2019s most controversial crypto fraud scandals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The release of Faruk Fatih \u00d6zer, the founder of defunct crypto exchange Thodex, has ignited public outrage, despite his alleged role in a major fraud case involving 94 million lira in losses.<\/p>\n","protected":false},"author":3,"featured_media":88764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[26],"tags":[424],"coin_category":[],"class_list":["post-148040","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocrime","tag-crypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ 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