{"id":35783,"date":"2025-01-30T17:00:43","date_gmt":"2025-01-30T14:00:43","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=35783"},"modified":"2025-01-30T15:20:03","modified_gmt":"2025-01-30T12:20:03","slug":"thodex-founder-faruk-fatih-ozer-released","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/","title":{"rendered":"Thodex Founder Faruk Fatih \u00d6zer Released!"},"content":{"rendered":"

Faruk Fatih \u00d6zer<\/strong>, the founder of the cryptocurrency<\/a> exchange Thodex<\/strong>, has been released despite facing up to 11,462 years in prison for various crimes. However, his detention continues on charges of “qualified fraud.”<\/p>\n

\u00d6zer was arrested in Albania on August 30, 2022, and brought back to Turkey on April 20, 2023. He had been detained on charges including “forming and leading a criminal organization,” “fraud using information systems, banks, or credit institutions as tools,” and “money laundering by traders, company directors, and cooperative managers.”<\/p>\n

What is Thodex, and How Did the Fraud Incident Happen?<\/h3>\n

Thodex<\/strong> was a Turkish cryptocurrency exchange founded by Faruk Fatih \u00d6zer<\/strong> in 2017. Initially launched as Koineks Teknoloji, the company rebranded under the Thodex name in 2019. The exchange was promoted with attractive offers like free cryptocurrency and a Porsche car giveaway.<\/p>\n

In 2021, significant disruptions occurred with Dogecoin transactions, leading to a loss of trust among users. On April 19, 2021, all transactions were halted, and the company claimed maintenance was being carried out. However, it was later revealed that on April 20, \u00d6zer<\/strong> had fled to Albania. He passed through passport control at Istanbul Airport at 17:57 and boarded a flight to Tirana, Albania, at 19:50.<\/p>\n

Subsequently, it was claimed that approximately $2 billion worth of investments were lost, affecting 391,000 users. \u00d6zer’s escape and the massive financial losses were linked to fraudulent activities within the exchange.<\/p>\n

The loss of funds and \u00d6zer’s escape severely damaged the reputation of cryptocurrency exchanges in Turkey, eroding public trust.<\/p>\n

\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,<\/span>\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0<\/span>channels for the latest\u00a0news<\/a>\u00a0<\/strong><\/span>and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Faruk Fatih \u00d6zer, the founder of the cryptocurrency exchange Thodex, has been released despite facing up to 11,462 years in prison for various crimes. However, his detention continues on charges of “qualified fraud.” \u00d6zer was arrested in Albania on August 30, 2022, and brought back to Turkey on April 20, 2023. He had been detained<\/p>\n","protected":false},"author":29,"featured_media":35791,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[11353,2098,11354],"class_list":["post-35783","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-faruk-fatih-ozer","tag-fraud","tag-thodex"],"yoast_head":"\nThodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Faruk Fatih \u00d6zer, the founder of the cryptocurrency exchange Thodex, has been released despite facing up to 11,462 years in prison for various crimes. However, his detention continues on charges of “qualified fraud.” \u00d6zer was arrested in Albania on August 30, 2022, and brought back to Turkey on April 20, 2023. He had been detained\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2025-01-30T14:00:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-01-30T12:20:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Emre Yumlu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emre Yumlu\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/\",\"name\":\"Thodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer\",\"isPartOf\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png\",\"datePublished\":\"2025-01-30T14:00:43+00:00\",\"dateModified\":\"2025-01-30T12:20:03+00:00\",\"author\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\"},\"breadcrumb\":{\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage\",\"url\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png\",\"contentUrl\":\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png\",\"width\":1920,\"height\":1080,\"caption\":\"thodex\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/coinengineer.net\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Thodex Founder Faruk Fatih \u00d6zer Released!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#website\",\"url\":\"https:\/\/coinengineer.net\/blog\/\",\"name\":\"Coin Engineer\",\"description\":\"Btc, Coins, Pre-Sale, DeFi, NFT\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/coinengineer.net\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c\",\"name\":\"Emre Yumlu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g\",\"caption\":\"Emre Yumlu\"},\"url\":\"https:\/\/coinengineer.net\/blog\/author\/ceemre\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Thodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/","og_locale":"en_US","og_type":"article","og_title":"Thodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer","og_description":"Faruk Fatih \u00d6zer, the founder of the cryptocurrency exchange Thodex, has been released despite facing up to 11,462 years in prison for various crimes. However, his detention continues on charges of “qualified fraud.” \u00d6zer was arrested in Albania on August 30, 2022, and brought back to Turkey on April 20, 2023. He had been detained","og_url":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/","og_site_name":"Coin Engineer","article_published_time":"2025-01-30T14:00:43+00:00","article_modified_time":"2025-01-30T12:20:03+00:00","og_image":[{"width":1024,"height":576,"url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce-1024x576.png","type":"image\/png"}],"author":"Emre Yumlu","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emre Yumlu","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/","url":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/","name":"Thodex Founder Faruk Fatih \u00d6zer Released! - Coin Engineer","isPartOf":{"@id":"https:\/\/coinengineer.net\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage"},"image":{"@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage"},"thumbnailUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png","datePublished":"2025-01-30T14:00:43+00:00","dateModified":"2025-01-30T12:20:03+00:00","author":{"@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c"},"breadcrumb":{"@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#primaryimage","url":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png","contentUrl":"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2025\/01\/thodex_ce.png","width":1920,"height":1080,"caption":"thodex"},{"@type":"BreadcrumbList","@id":"https:\/\/coinengineer.net\/blog\/thodex-founder-faruk-fatih-ozer-released\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/coinengineer.net\/blog\/"},{"@type":"ListItem","position":2,"name":"Thodex Founder Faruk Fatih \u00d6zer Released!"}]},{"@type":"WebSite","@id":"https:\/\/coinengineer.net\/blog\/#website","url":"https:\/\/coinengineer.net\/blog\/","name":"Coin Engineer","description":"Btc, Coins, Pre-Sale, DeFi, NFT","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/coinengineer.net\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/f99e7d0d5039cb3b36bd759a12c1216c","name":"Emre Yumlu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/coinengineer.net\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3618e7041e2880ae9fdfeec9b77592ba6e9417ff89cfe4db07e0d1687a477d7b?s=96&d=mm&r=g","caption":"Emre Yumlu"},"url":"https:\/\/coinengineer.net\/blog\/author\/ceemre\/"}]}},"_links":{"self":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/comments?post=35783"}],"version-history":[{"count":4,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35783\/revisions"}],"predecessor-version":[{"id":35792,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/posts\/35783\/revisions\/35792"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media\/35791"}],"wp:attachment":[{"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/media?parent=35783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/categories?post=35783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinengineer.net\/blog\/wp-json\/wp\/v2\/tags?post=35783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}