๐จ $2 BILLION Crypto Scandal That Ended With an Exchange CEO Dead!
Faruk Fatih รzer, just 22 years old, thought he could outsmart the system. He launched Thodex, a Turkish crypto exchange promising easy profits and freedom from traditional finance. In just a few years, it grew into one of Turkeyโs largest exchanges โ then vanished overnight.
In 2021, Thodex froze withdrawals. Investors panicked. Billions in crypto disappeared. รzer had fled the country. What started as a dream turned into one of the largest crypto exit scams ever, with over $2 billion lost.
Interpol pursued him for more than a year. When finally caught and extradited, he received a jaw-dropping sentence: over 11,000 years. But the story didnโt end there โ on Nov 1, 2025, รzer was found dead in his prison cell.
The fallout reshaped Turkish crypto law:
โ Crypto payments banned
โ Exchanges forced into stricter compliance
โ New investor protection frameworks established
Ironically, this dark scandal sparked a crypto revolution in Turkey. Today, the country leads the Middle East in crypto trading volume, with millions participating daily.
Sometimes, the biggest frauds lead to the strongest systems. Thodex collapsed โ but it woke a nation to cryptoโs power.
#Turkey #Thodex #CryptoMarketNews #CryptoMarket4T $CryptoMarketWatch
