Albania captures alleged crypto fraudster, prepares to extradite him to Turkey.
Albanian authorities have detained the founder and chief executive of the Turkish cryptocurrency exchange Thodex, who allegedly fled Turkey with customer funds as the trading platform collapsed. Faruk Fatih Ozer was wanted for fraud with a red notice issued by Interpol.Police in Albania arrested 27-year-old Turkish businessman Faruk Fatih Ozer who founded and operated the now-defunct crypto exchange Thodex.
According to an announcement by Turkey’s Ministry of Internal Affairs, quoted by the Anadolu Agency and other Turkish media, the Minister of the Interior of Albania Bledar Çuçi informed his counterpart in Ankara, Süleyman Soylu, that Ozer was captured in the city of Vlora. His identity was confirmed by biometric data.
Ozer disappeared in 2021 following the shutdown of his coin trading platform which gained popularity during the crypto boom in Turkey where many were trying to protect their savings from the inflation of the Turkish lira which was rapidly depreciating. In April of last year, Turkey issued an international arrest warrant for him.
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