Founder of Crypto Exchange Thodex to Be Extradited to Turkey From Albania: Report

Faruk Fatih Özer disappeared in 2021, taking funds from 400,000 users.

By Greg Ahlstrand

Nov 18, 2022 at 12:03 p.m. UTC

Updated Nov 18, 2022 at 12:56 p.m. UTC

Ankara, Turkey. (Ekrem Osmanoglu/Unsplash)

Greg Ahlstrand

Greg Ahlstrand is CoinDesk's Asia News Editor. Greg has no significant crypto holdings.

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Faruk Fatih Özer, the founder of Thodex, one of Turkey's largest crypto exchanges, will be extradited to Turkey after being arrested in Albania in August to face charges of fraud and running a criminal organization, state media aa.com reported on Friday.

Özer's exchange went dark last year leaving thousand of users in the dark. Özer then fled to Albania.

Turkey had started the extradition process after he was arrested in Albania in August.

UPDATE (Nov. 18, 12:55 UTC): Updates headline, adds additional background.

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