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years exchange jail sentence faruk ozer pepe unchain Bnb Eth XRP crypto futures coinbase futures binance futures
Faruk Fatih Ozer, CEO of Turkish crypto exchange Thodex, sentenced to 11,196 years in prison for running a fraudulent operation. This unprecedented punishment highlights the severity of crypto exchange fraud and the need for strict regulations. Özer's sentence serves as a warning to others in the crypto industry, emphasizing the importance of transparency and accountability.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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