Some of the founders of the Turkish Exchange's Thodex were allegedly revoked and still faced imprisonment for fraud

Panews News on January 31. According to foreign media reports, the court in the 22nd region of Istanbul, Turkey has revoked the allegations of "organizational crime" of Thodex founder Faruk FATIH OZER, but still maintained its crime of fraud and continued to be detained. Ozer was charged with more than 400,000 users accused of fraud at the Thodex Exchange in 2021, and the amount involved in the case reached US $ 2 billion. In September 2023, it was sentenced to 11,96 imprisonment. The team of lawyers claimed that it would promote further commutation and emphasized that "judicial procedures have not yet ended." Thodex was a Turkish head exchange. In April 2021, 391,000 users were unable to withdraw. Ozer was arrested and extradition in Albania in 2022. The court had previously determined that it had crimes such as money laundering and fraud, but the latest rulings were insufficient.