The founder of a collapsed cryptocurrency exchange has been sentenced to more than 11 millennia in jail.
The 11,196-year sentence was handed down late Thursday by a panel of judges in Turkey to Faruk Fatih Özer, Turkey’s state-run Anadolu Agency. Özer was the founder of the Thodex exchange, which imploded in 2021. Other defendants sentenced Thursday included siblings of Özer. Thodex’s users lost over $2 billion worth of cryptocurrency when it barred them from withdrawing funds, according to research firm Chainalysis.
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