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This guy disappeared with $2 BILLION, got sentenced to 11,000 years, and was later reportedly found hanging in prison
In 2017, Faruk Fatih Özer launched Thodex right as crypto was exploding, and within a short time hundreds of thousands of users flooded the platform while billions started moving through it, creating the illusion of a fast growing, unstoppable exchange
But growth wasn’t enough, so he leaned fully into hype, using massive campaigns, influencers, and aggressive marketing to build trust and pull in even more money
Then came the bait
A huge Dogecoin campaign offering “DOGE at 0.01 TL”, far below market price, triggered a wave of new users and deposits as everyone rushed in thinking it was free money
More users
More deposits
More trust
Everything looked normal
Until one day it didn’t
Withdrawals suddenly stopped, the site went offline, and it was labeled as “maintenance”, but nobody could access their funds
And he disappeared
In 2021, he fled to Albania, allegedly taking over $2 billion in user assets with him, leaving behind chaos, thousands of victims, and life savings wiped out overnight
Interpol issued a red notice, and for 2 years there was no trace
Then suddenly
He was found, arrested in Albania, and extradited back to Turkey, where the trial revealed the scale of the collapse
Hundreds of charges
Thousands of victims
And the verdict
11,000+ years in prison
From crypto founder to one of the heaviest sentences ever given
And then the final twist
Reports later claimed he was found hanging in his prison cell, with some calling it suicide and others questioning it
But one thing was clear
He used hype to pull people in, collected billions, disappeared overnight, and when he came back
Everything was already over