CEO of Collapsed Crypto Exchange Arrested in Turkey on Return

Faruk Fatih Ozer, the former CEO of the collapsed cryptocurrency exchange Thodex, has been extradited from Albania to Turkey to face charges of fraud and money laundering. Upon his arrival at Istanbul Airport on Thursday, the 29-year-old was immediately detained by police, according to state-run Anadolu Agency.

Thodex abruptly stopped operations about two years ago, leaving tens of thousands of customers with losses. Ozer had disappeared following the collapse of the platform, but was arrested in Albania in August 2022 after Turkey issued an Interpol red notice against him. Earlier this month, Albania’s top court ruled in favor of his extradition, ending his legal battle against deportation.