{"id":418354,"date":"2023-09-08T14:14:30","date_gmt":"2023-09-08T13:14:30","guid":{"rendered":"https:\/\/thecoinacademy.co\/news\/the-turkish-crypto-titan-faces-staggering-prison-sentence\/"},"modified":"2023-09-08T14:14:35","modified_gmt":"2023-09-08T13:14:35","slug":"the-turkish-crypto-titan-faces-staggering-prison-sentence","status":"publish","type":"post","link":"https:\/\/thecoinacademy.co\/news\/the-turkish-crypto-titan-faces-staggering-prison-sentence\/","title":{"rendered":"The Turkish Crypto Titan Faces Staggering Prison Sentence"},"content":{"rendered":"

The downfall of a crypto titan<\/h2>\n

Once a prominent figure in the Turkish cryptocurrency arena, Thodex abruptly ceased its operations in April 2021, leaving over 400,000 customers unable to access their deposits totaling a staggering $2 billion. This unexpected halt triggered a nationwide manhunt for \u00d6zer, who had sought refuge in Albania. His escape came to an end in August 2022 with his arrest facilitated by an Interpol red notice.<\/p>\n

Repercussions and broader implications<\/h2>\n

The exposure of Thodex sent shockwaves throughout Turkey, a nation where cryptocurrencies had emerged as a defense against runaway inflation and the rapid devaluation of the Turkish lira. The recent verdict, delivered by the 9th Anatolian Heavy Penal Court, not only sees the \u00d6zer family facing monumental sentences but also the acquittal of 16 defendants, highlighting the complexity and depth of this unprecedented crypto affair.<\/p>\n","protected":false},"excerpt":{"rendered":"The downfall of a crypto titan Once a prominent figure in the Turkish cryptocurrency arena, Thodex abruptly ceased…\n","protected":false},"author":2,"featured_media":418356,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","original_i18n_url":"https:\/\/coinacademy.fr\/actu\/pdg-exchange-crypto-condamne-11196-ans-prison-arnaque-2-milliards\/"},"categories":[139,144],"tags":[],"coauthors":[],"yoast_head":"\nThe Turkish Crypto Titan Faces Staggering Prison Sentence - Coin Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecoinacademy.co\/news\/the-turkish-crypto-titan-faces-staggering-prison-sentence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Turkish Crypto Titan Faces Staggering Prison Sentence - 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