The prison death of Thodex founder Faruk Fatih Özer has revived scrutiny of Turkey’s largest crypto fraud case, raising fresh questions about investor protection, exchange accountability, and future regulation.
The death of Thodex founder Faruk Fatih Özer in a Turkish prison has revived scrutiny of one of the country’s biggest crypto fraud cases, renewing debate over investor protection, exchange oversight, and regulatory accountability.
Faruk Fatih Özer, founder of collapsed Turkish exchange Thodex, was found dead in his cell on Nov 1, 2025. The case, involving billions in losses and over 400,000 investors, reignites debates on crypto regulation and investor protection.
Faruk Fatih Özer, founder of the collapsed Turkish exchange Thodex, was found dead in his prison cell, a suicide that ends his role in the country's biggest crypto fraud case but leaves deep questions about regulation and investor protection.
