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Crypto exchange CEO behind $2.5B scam indicted

 2 years ago
source link: https://nextbigwhat.com/crypto-exchange-ceo-behind-2-5b-scam-indicted/
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Crypto exchange CEO behind $2.5B scam indicted

  • September 2, 2022
  • Faruk Fatih Özer, the CEO of the now-defunct crypto exchange Thodex, has been arrested. Chainanalysis addressed Thodex specifically in the wider context of a total $2.8 billion worth of crypto scams over this year being ‘rug pulls.’
  • Özer fled following the collapse of Thodex in April 2021. He initially claimed a halt in trading was due to cyberattacks, and that investors’ money was safe, before disappearing.
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