Turkish cryptocurrency boss arrested in Albania
Türkiye issued an international arrest warrant in April last year for fugitive businessman Faruk Fatih Özer, who fled with a reported $2 billion in investors’ assets.
Albania informed the Turkish interior minister “that the founder of Thodex, the fugitive Faruk Fatih Özer, wanted with a red notice (by Interpol), was arrested in Vlora, Albania,” the ministry said in a statement.
The statement said that “extradition procedures to Türkiye have been initiated.”
Thodex launched aggressive campaigns to lure investors. It had first pledged to distribute luxury cars through a flashy advertising campaign featuring famous Turkish models.
But the Thodex exchange suspended trading in April after posting a mysterious message days earlier saying it needed five days to deal with an unspecified outside investment.
Turkish security officials then released a photo of Özer going through passport control at Istanbul airport on his way to an unspecified location. Media reports said the exchange shut down while holding at least $2 billion from 391,000 investors. More than 60 people linked to the company were arrested.