Oh no! The crypto world just lost another “genius” – Faruk Fatih Ozer, founder of the now-defunct Thodex exchange, was found dead in his prison cell while serving his 11,196-year sentence for “financial crimes.” Because nothing says “I’m sorry” like a lifetime of guilt and a 11,196-year jail term. 🕵️♂️
Thodex CEO Might Have Committed Suicide: Turkish Minister 🧠
On Saturday, November 1, Bloomberg reported that Ozer died in his prison cell in the F-Type High Security Closed Prison in Tekirdag. The authorities are now investigating, but let’s be real – if you’re in a cell with a bathroom, the options are limited. 💸
Justice Minister Yilmaz Tunc said in a statement:
An investigation has been opened on this matter and is ongoing. The exact cause of death will be determined as a result of the investigation. But currently, the initial findings indicate that it was a suicide.
Ozer was found hanging in the bathroom of his single-person prison cell, which led to the inevitable conclusion: “Oh, he probably did it.” However, the prison has been criticized for its “luxury suite” of solitary confinement. 🚨
Ozer, who established Thodex in 2017, fled to Albania after the firm’s collapse in 2021. Following his extradition, he and his siblings were found guilty of “aggravated fraud” and “running a criminal organization.” Because nothing says “I’m a bad guy” like a crypto exchange that collapses and a 11,196-year sentence. 🤡
Ozer revealed in a statement that he considered surrendering or committing suicide. But instead, he chose to flee Albania to “stay alive and fight, work and repay my debts.” Because nothing says “I’m a responsible adult” like running away from your problems. 🏃♂️
In the initial case, the prosecutor estimated losses at $24 million. But Turkish media says $2 billion, and a data firm says $2.6 billion. Because when it comes to crypto, numbers are just suggestions. 📈
Crypto Total Market Cap At $3.66 Trillion 📉
As of this writing, the crypto market cap is $3.66 trillion – a 0.39% jump in 24 hours. But don’t get excited! The market is down 10% this month. Because nothing says “I’m stable” like a 10% drop. 🧠💸
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2025-11-02 14:13