What happened to thodex & Ozer?

A judicial fine of 135 million liras ($5 million approx.) was also imposed. From a report: Thodex was one of Turkey's largest crypto exchanges before it suddenly went offline in April 2021 and Ozer went missing.

What happened to thodex in 2021?

Thodex came apart back in 2021, with its users losing a whopping $2 billion worth of cryptocurrency after it denied them access to withdrawing funds, according to data from the research firm Chainalysis cited in the WSJ. On Thursday, along with Özer, other defendants including his siblings were also sentenced.

How much money did thodex lose?

The total amount of losses investors suffered when Thodex collapsed remains unclear. The prosecutor’s indictment estimates them at 356 million liras ($13 million), but Turkish media have reported figures as high as $2 billion. A study by Chainalysis put the value of cryptocurrency lost at Thodex at $2.6 billion.

What is Zer's jail sentence?

The Anatolian 9th High Criminal Court sentenced Özer along with his two siblings to the same jail sentence of 11,196 years, 10 months and 15 days in prison along with a $5-million fine, reported Turkish state-run news agency Anadolu Agency.