![Fugitive crypto CEO arrested Fugitive crypto CEO arrested](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgIYaCR8Y80KBeRrW3v6rT12ydBs7OijnV2KCqKaPFCg529JYlGr03NzHEPIfxufBVTWmFlHAB4bRTtuIN9VIwCyRZSNSMsdCr-rPk4p8hsGptWBRVqTwY55XnlC5k2fAcZcWe5rtxccC1x52Jm9CGfy0IZuZlkwQUarqWs6cwgh8195lQ_4KF3T3Vr/s320/1a982a9f4a74ed5a111d8df3d4c754bdd6fafd63.jpg)
Fugitive crypto CEO arrested
The fugitive CEO of a collapsed Turkish crypto exchange has been arrested in Albania.
Faruk Fatih Özer was the subject of an Interpol red notice sent to law enforcement agencies around the world — and Turkish prosecutors want to sentence him to 40,000 years in prison.
Thodex collapsed last year and it's estimated that thousands of customers lost $24 million — but Chainalysis puts this figure closer to $2 billion.
Özer was captured in the city of Vlora at dawn on Tuesday, and work is now underway to extradite him. Last April, Özer had released a statement where he vowed to repay those who lost money and return to Turkey to face the consequences — but he never did.
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