An Albanian court has ordered the extradition of the fugitive founder of cryptocurrency exchange Thodex to Turkey, where he is wanted for fraud and other crimes. Faruk Ozer was arrested in Albania this summer, after going missing when the coin trading platform crashed last year.
Albanian judiciary prepares to hand over suspected crypto fraudster and Thodex founder to Turkey
A court in the Albanian city of Elbasan has authorized the extradition to Turkey of the founder and CEO of the now defunct Turkish ex-crypto exchange Thodex. Faruk Fatih Ozer, 27, was arrested in late August in the Balkan country.
The order follows a series of court hearings over the past three months. Quoted by the Turkish agency Anadolu, Judge Elis Dine stressed that the decision can be appealed to the Court of Appeal of Durres within 15 days.
Ozer fled Turkey after Thodex, which had attracted 400,000 users during the country’s crypto boom, suddenly went offline in the spring of 2021. He was last seen in airport footage from Istanbul and would have left for Albania with 2 billion dollars of investors. silver.
In April 2021, Turkey issued an international arrest warrant for the crypto entrepreneur and he was wanted for fraud with a red notice by Interpol.
after ozer Stop on August 30, the Elbasan Magistrate’s Court extended his detention on September 2. His lawyers then appealed on September 14, but the Durres Court of Appeal confirmed his pre-trial detention on September 20.
Over 60 people have been detained in Turkey in connection with the Thodex case. The prosecutors there look for prison sentences totaling thousands of years for the founders and executives of the exchange who have been accused of committing fraud and money laundering in connection with a exit scam resulting in losses exceeding 350 million Turkish liras (nearly $19 million at current rates).
Turkish crypto exchange Vebitcoin was also investigation when it ceased operations after the country’s central bank banned crypto payments. Coinzo, another large national platform, close as well. This week, Turkey’s Financial Intelligence Unit spear an investigation into the collapse of FTX, one of the world’s largest digital asset exchanges.
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