Thodex CEO sentenced to Turkish prison for failure to submit tax documents By Cointelegraph

[ad_1]



Three months after Faruk Fatih Özer — the founder and former CEO of Thodex — was detained in Türkiye, he received a prison sentence of seven months and 15 days for failing to submit documents requested during the trial.

Thodex was once one of the biggest crypto exchanges in Türkiye before it suddenly shut down, and Özer fled to Albania. Following a Red Notice by Interpol, Özer was deported back to Türkiye to be held responsible for the investors’ roughly $2 billion worth of cryptocurrencies.

Crypto investors’ tax payment rates in 2022. Source: Divly