Turkey seeks thousands of years jail time for missing crypto CEO


It said Thodex was responsible for about 90% of the total value lost globally to so-called rug pulls in 2021. — AP

A Turkish prosecutor is pursuing jail sentences totaling thousands of years for founders and executives of the Thodex cryptocurrency exchange, a year after it halted trading and its chief executive disappeared.

The indictment on Istanbul-based Thodex seeks sentences of up to 40,564 years for each of the 21 defendants, Demiroren News Agency reported Thursday.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

Can an Apple�Watch get AFib patients off bloodthinners?
South Korea fines Meta about $15 million over collection of user data
Ehailing service Bolt says it’s launching in Malaysia soon, already licensed by Apad
French IT firm Atos agrees to sell Worldgrid unit to Alten
Opinion: These Apple researchers just showed that AI bots can’t think, and possibly never will
Nintendo cuts annual profit forecast by 10% as Switch sales slow
You may have blocked someone on X but now they can see your public posts anyway
Japan taps US chip startup Tenstorrent to help train new wave of engineers
Chinese AI firms are splurging on ads, report finds, as chatbot market gets crowded
Data of over 148,000 people leaked after ransomware attack on 2 Hong Kong hearing centres

Others Also Read