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Faruk Ozer, founder of failed crypto exchange Thodex, has been sentenced to a staggering 11,196 years in prison for fraud in Turkey. The arrest in Albania marks a significant milestone in the investigation, sending a strong message to the cryptocurrency industry that fraud will not be tolerated. Ozer's fate serves as a warning to others seeking to exploit the crypto world.

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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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