Crypto scammer faces 40,000 years in jail after stealing $2 billion from customers

The founder of a Turkish cryptocurrency exchange service faces 40,564 years in prison after fleeing the country with AU $ 2.95 billion ($ 2 billion) last year.

Yes, you read that right, 40,564 years.

Bloomberg reported that Faruk Wedding ring Ozer which he founded Todex fled Turkey in April 2021 after stealing around A $ 2.95 billion (US $ 2 billion) from around 400,000 customers.

This is a lot of Dogecoin.

Credit: mundissima / Alamy
Credit: mundissima / Alamy

He was recently found and arrested in Albania after becoming the subject of an international police investigation.

This was stated by the Turkish Interior Ministry Ozer he was in the process of being extradited back to Turkey after his identity was confirmed using biometric results.

He had been on the run for over a year with some of his employees detained at the time of his rush out of the country.

The accusation on Todex he asked for 21 defendants to be sentenced, all with sentences of over 40,000 years.

A manhunt was underway Ozer after footage of the 28th emerged-years at Istanbul airport, with Turkish police squads flying to four countries, including Albania.

Turkey was in a state of economic decline and inflation at its peak Todexthe powers.

The company was founded in 2017 and attracted legions of Turks who sought to protect their savings by investing in the apparently more “stable” crypto market.

Todex abruptly ceased operations in 2021 claiming that the company had to stop its services due to cyber attacks.

Credit: Ronstik / Alamy
Credit: Ronstik / Alamy

Ozer he then promised that client funds would remain safe and returned to those users who had lost access to their accounts, according to Digital Trends.

Obviously it didn’t happen.

There has been no official announcement or indication of what happened with any client’s funds or accounts, however, Decrypt reports it Todex transferred $ 185 million (US $ 125 million) in Bitcoin for exchange in the United States.

On the other hand, a lawyer who represents Todex he claimed that money simply cannot be found.

As cryptocurrency exchange platforms and coins are growing more and more reputations for scamming people with their money, an Australian family has found themselves on the other end of the spectrum.

Thevamanogari Manivel he was perhaps at the end of the biggest surprise of his life last year when $ 10,474,143 showed up in his bank account.

He was waiting for a $ 100 refund from

The platform only discovered her mistake nine months later and went to court to get her money back.

As for Todexlet’s hope it takes each of these 40,564 years.


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