Faruk Özer, CEO of Collapsed Turkish Crypto Exchange #Thodex, which exit scammed back in April 2021 with $2 billion in customer funds has been sentenced to 11,196 Years Jail, damn thats a long ass time.
I wonder how many years the #FTX, #Celsius and the other failed CEX's will get, I don't see why failed #DOAs and failed #DEFI services masquering as applications but were really tech businesses shouldn't also get this treatment for rug pulling people
While many customers will be lucky to get a few cents on the dollar, and it's probably caused a lot of pain and suffering, I also don't think relying on the government to clean up the streets of crapto is the way to go
Just stop feeding these scammers with your money, prevention is better than cure
https://www.coindesk.com/policy/2023/09/08/11196-years-in-prison-for-faruk-ozer-ceo-of-collapsed-turkish-crypto-exchange-thodex/