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Faruk Fatih Ozer, the head of Turkish cryptocurrency exchange Thodex, has been arrested in Vlore, Albania after he had left customers of the notorious exchange without access to their funds.
According to the Turkish Ministry of the Interior, the Interpol has initiated his extradition to Turkey, however, it is unclear for how long the whole process would take. Turkish authorities have not provided other details regarding Ozer.
Turkish crypto exchange Thodex stopped operating in April 2021, saying it had to cease operations for a few days to attract external investments. However, no other announcements have been made so far as Faruk Fatih Ozer went to Albania, leaving over 390,000 costumers with no access to their funds.
In Turkey, Ozer and other executives of the exchange are facing a cumulative 40,564 years in jail.
