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Thodex CEO Arrested in Albania

The CEO of the cryptocurrency exchange Thodex has been arrested in Albania.

Faruk Fatih Özer launched the cryptocurrency exchange Thodex in 2017.

A picture of Thodex CEO Faruk Fatih Özer

Thodex CEO Faruk Fatih Özer


“Thodex was the first global exchange based in Turkey, and of the 40 cryptocurrency exchanges in Turkey at the time, it was one of the big ones. It had 391,000 users when it froze in April 2021 and the owner fled Turkey with the clients money.”

“Thodex was founded as Koineks in 2017, at the time only the 4th cryptocurrency exchange to be founded in Turkey. They established Turkeys first Bitcoin ATMs. Koineks went global in 2020, changing its name to Thodex March 2020. That year Thodex was also licensed by Financial Crimes Enforcement Network as a Money Service Business (MSB) The total transaction volume on Thodex was ~$3 as of November 2020. The exchange had various rewards campaigns to draw in new users and new capital.”

The exchange unexpectedly shut down in 2021, leaving nearly 400,000 users without access to their funds. Faruk Fatih Özer fled Turkey for Albania. He allegedly took roughly $2 billion in cryptocurrency (an exit scam). On April 23, 2021, Interpol issued a red notice for the CEO. The Blockchain tracking firm Whitestream learned that the CEO had sent more than $100 million in Bitcoin to the cryptocurrency exchange Kraken.

On August 30, 2022, Turkish authorities announced that law enforcement in Albania had arrested Faruk Fatih Özer in Vlora.

He faces thousands of years in prison in Turkey.

The Founder of Thodex, Fugitive Faruk Fatih Özer Caught in Albania |,,

A picture of Before exit scamming, Thodex sold DOGE at 30% under market price | @advirtua

Before exit scamming, Thodex sold DOGE at 30% under market price | @advirtua

It's Called We Engage In A Mild Amount of Tomfoolery
c15448a0 Tue, Aug 30, 2022

is albania non extradition

16cab620 Wed, Aug 31, 2022

If Albanian police arrested the guy at Turkey’s request, they almost certainly have an extradition treaty or similar. But I don’t know Albania’s extradition laws so I am not sure

fd703540 Tue, Aug 30, 2022

this guy thought holding bitcoin gives invisibility cloak.

40b421a0 Wed, Aug 31, 2022

Lmfao forreal

1e8274f0 Wed, Aug 31, 2022

“The total transaction volume on Thodex was ~$3 as of November 2020”
What? Typo? only 3 dollars?!?

0521b070 Thu, Sep 1, 2022

Thousands of years for $3

3f02d0b0 Wed, Aug 31, 2022

Wed, Aug 31, 2022—- This is a SCAM message…
Stay away …. if you don’t want to lose money ….

9da22420 Wed, Aug 31, 2022

🤣🤣🤣🤣😂😂😂🍻 “got em”

b6568180 Thu, Sep 1, 2022

He sent 100 million in bitcoin to US exchange Kraken and he thought that he’d be aok?


36ad62d0 Fri, Sep 2, 2022

nothing will happen

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