Archives for: August 31st, 2022

Head of Turkish crypto exchange who allegedly stole funds found in Albania

Written by: ( August 31, 2022 )

The Turkish Interior Ministry announced Tuesday that its search for the founder of cryptocurrency exchange Thodex is over. Faruk Fatih Ozer is suspected of having fled Turkey along with the assets of his exchange clients and has been arrested in Albania. Turkey issued an international warrant of arrest in April 2021 for Ozer, who fled […]

Turkey wants 40,000-year prison sentences for leaders of cryptocurrency exit scam

Written by: ( April 4, 2022 )

21 suspects are wanted for their involvement in a defunct Turkish cryptocurrency exchange. If the prosecution gets its away, the suspects will each be given massive sentences exceeding 40,000 years. For the culprits accused of operating Thodex (a defunct cryptocurrency exchange), prosecutors are seeking sentences up to 40,564 years. According to Demiroren via Bloomberg, the […]

Cryptocurrency exchange Binance fined in Turkey over AML failings

Written by: ( December 27, 2021 )

Binance Turkey, part of the Binance global cryptocurrency exchange company, has been fined eight million lire (nearly $750,000) by the Financial Crimes Investigation Board (MASAK). The exchange failed an audit of the financial watchdog for anti-money laundering (AML) compliance. MASAK, Turkey’s financial intelligence unit, found Binance’s Turkey operations guilty of breaking laws to prevent money […]