Analysis Today TheBitTimes.com

Faruk Fatih Özer once took a hardware wallet holding $2 billion worth of crypto through airport security while fleeing arrest. This week, he is entering prison to start a 11, 196-year prison sentence . Özer founded Thodex, Turkey’s once-largest crypto exchange, and used it — with help from his family — to steal untold sums from his customers. His brother and sister received the same, 11,196-year sentence. That is, the judge noted, more years than 50 humans could physically serve and the longest sentence ever handed down by a Turkish court. The Founder of the Crypto currency exchange Thodex, Faruk Fatih Ozer, along with his two other siblings, has been sentenced to a total of 11,196 years, 10 months, and 15 days in prison for aggravated fraud and establishing an organized crime group. #SEAToday #SEATodayNews pic.twitter.com/xrlDiOfNeb — SEA Today News (@seatodaynews) September 10, 2023 Read more: Thodex chief denies fraud, says crypto exchange was hacked ...

On the day that Binance and its founder (CZ) pleaded guilty to federal crimes in Seattle, the crypto industry was stunned. There were endless reasons to be gobsmacked. Why did CZ step foot on US soil at all? How long might he go to prison? How could he and his company afford to pay their multi-billion dollar settlement? Does Binance have distant ties to Jeffrey Epstein? Astute observers were questioning another, perhaps far more important event that day. In an obstinate post to X (formerly Twitter), CZ issued an incredible declaration, “I am proud to point out that in our resolutions with the U.S. agencies they do not allege that Binance misappropriated any user funds .” Journalists blinked twice. One word in that sentence might impact CZ’s civil liberties. Were it not for “resolutions” that post would have been a lie on the very day that he thought he had signed a criminal settlement. It’s not the best idea to mislead the public about a settlement with the US Department of ...