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Thodex was a Turkish crypto exchange launched in 2017 by Faruk Fatih Özer. In April 2021, bitcoin hit its all-time high of $62k per coin. That same month, Thodex shut down, citing an emergency "6-hour maintenance period." The shutdown extended five days, and then Thodex shut down the platform completely. Özer immediately fled Turkey and never returned. He took over $2 billion from over 100k investors. It became clear that Özer was using the money for personal use, and over 60 arrests were made in the ensuing months. But his whereabouts remain unknown to this day. If Özer is ever caught, he will face a 40,000-year prison sentence for financial fraud under the Turkish legal code.