Sep 8, 6:58 am
Coindesk
Thodex CEO Gets 11,000-Year Sentence Over Billion Crypto Exchange Collapse
Faruk Fatih Özer, the founder of Thodex, along with his sister and brother, has been sentenced to over 11,000 years in prison and fined 135 million liras for their involvement in the collapse of the Turkish crypto exchange. Thodex, once one of Turkey's largest exchanges, went offline in April 2021, leaving over 400,000 members unable to access their deposits of $2 billion in cryptocurrencies. Özer, who had fled to Albania, was arrested in August 2022 and extradited to Turkey in April 2023.
Faruk Fatih Özer, the founder of Thodex, along with his sister and brother, has been sentenced to over 11,000 years in prison and fined 135 million liras for their involvement in the collapse of the Turkish crypto exchange. Thodex, once one of Turkey's largest exchanges, went offline in April 2021, leaving over 400,000 members unable to access their deposits of $2 billion in cryptocurrencies. Özer, who had fled to Albania, was arrested in August 2022 and extradited to Turkey in April 2023.
Oct 30, 7:46 pm
The Block
Bitcoin's Wikipedia Page Saw a Surge in Views Last Week
Bitcoin's Wikipedia page experienced a surge in views, reaching the highest level since mid-2022, with 13,490 pageviews... Read Summary
Oct 30, 7:48 pm
Decrypt
Gaming and Metaverse Tokens GALA, AXS, ApeCoin, MANA, and SAND See Substantial Gains
The wider crypto market has experienced an upward trend over the past week, driven by speculation of a potential approva... Read Summary
Oct 30, 5:22 pm
The Block
UK Government Publishes Final Proposals for Crypto Asset Regulation
The UK government has released final proposals for crypto asset regulation, which include bringing certain activities in... Read Summary
Oct 30, 5:10 pm
Decrypt
Animoca Brands and Neom to Advance Crypto Adoption in the Persian Gulf
Animoca Brands has formed a strategic alliance and investment deal with Neom, a large-scale urban development project in... Read Summary
Oct 30, 4:54 pm
Coindesk
Terraform Labs and Do Kwon Ask Judge to Dismiss SEC Case
Terraform Labs and its co-founder, Do Kwon, are seeking a federal judge's support in the SEC fraud case, claiming that t... Read Summary
Oct 30, 4:34 pm
Protos
No Partnership Between Craig Wright and David Kleiman for Bitcoin Development: Appeals Court
A three-judge panel has ruled that there was no partnership between Craig Wright and David Kleiman to develop Bitcoin an... Read Summary
Oct 30, 3:57 pm
Decrypt
Altcoins Solana and XRP See Significant Price Increases, Pepe Jumps Over 60% in the Past Week
While Bitcoin has slowed down, altcoins like Solana and XRP have seen significant price increases in the past day. Solan... Read Summary
Oct 30, 2:36 pm
Decrypt
Stepn and Steve Aoki Join Forces to Launch an Digital Sneakers as Solana NFTs
Mobile move-to-earn game Stepn has partnered with electronic musician Steve Aoki to release an exclusive collection of d... Read Summary
Oct 30, 12:23 pm
Coindesk
Hong Kong Monetary Authority Says Retail CBDC Could Enhance Payments Ecosystem
The Hong Kong Monetary Authority has stated that a retail central bank digital currency (CBDC) could bring value to the... Read Summary
Oct 30, 11:19 am
Protos
Genesis Block Ventures Had Deep Connections With FTX and Alameda Research: Protos
Genesis Block Ventures, a Hong Kong-based trading desk, was closely intertwined with FTX and Alameda Research, serving a... Read Summary
Oct 30, 11:09 am
Decrypt
VanEck Amends Spot Bitcoin ETF Application with Seed Creation Baskets Acquisition
VanEck has filed an amended application with the SEC for a spot Bitcoin ETF, revealing that a seed capital investor acqu... Read Summary
Oct 30, 11:02 am
Coindesk
OPNX Drops Defamation Suit Against Mike Dudas Over Accusations of Scamming
OPNX, the crypto trading platform linked to Three Arrows Capital's founders, has withdrawn its defamation lawsuit agains... Read Summary
Oct 30, 10:43 am
Coindesk
Regulators in Singapore, Japan, UK, and Switzerland Rollout Tokenization Tests
Regulators in Singapore, Japan, the U.K., and Switzerland are collaborating on asset tokenization tests for fixed income... Read Summary
Oct 30, 6:19 am
Coindesk
CME Is Now the Second-largest Bitcoin Futures Exchange After Binance
The regulated Chicago Mercantile Exchange (CME) has climbed to become the second-largest Bitcoin futures exchange, with... Read Summary
Oct 30, 5:32 am
Coindesk
Kasikorn Bank Acquires Majority Share in Satang Crypto Exchange, Plans Re-brand to Orbix
Kasikorn Bank, also known as K-Bank, has acquired a 97% stake in the parent company of Satang crypto exchange for a valu... Read Summary
Author: Lisa Alvarez
Last Updated: 1698701882
Views: 716
Rating: 4.7 / 5 (33 voted)
Reviews: 96% of readers found this page helpful
Name: Lisa Alvarez
Birthday: 2011-01-28
Address: Unit 1635 Box 7500, DPO AA 23136
Phone: +4674927657426883
Job: Interior Designer
Hobby: Playing Piano, Camping, Graphic Design, Yoga, Video Editing, Beer Brewing, Dancing
Introduction: My name is Lisa Alvarez, I am a intrepid, candid, dazzling, vivid, brilliant, steadfast, courageous person who loves writing and wants to share my knowledge and understanding with you.