The Turkish court overturned the conviction of Thodex founder for creating a criminal organization, but still faces a total of 11,196 years in prison.

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A Turkish court overturned the conviction of 16 defendants in the Thodex case on serious fraud charges, but only 4 were completely acquitted. Thodex founder Faruk Fatih Öze, his sister Serap Özer, and his brother Güven Özer still face a total of 11,196 years in prison for aggravated fraud and other charges such as Money Laundering. Previously, Faruk Fatih Özer, the founder of Thodex, one of Turkey’s largest cryptocurrency exchanges, and his family were sentenced to 11,196 years, 10 months, and 15 days in prison, and fined 135 million lira (approximately 5 million dollars) (BeInCrypto).

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