They're throwing the book at him!
If the indictment is to be believed, Thodex’s subsequent collapse resulted in some $24 million in losses — a sizeable plunder. And the figure may be even way higher, depending on whose estimate you side with. A 2021by crypto analysis firm Chainalysis, for example, puts the sum as high as $2.6 billion, noting that "roughly 90 percent of the total value lost to rug pulls in 2021" can be attributed to Thodex.
It’s not surprising the estimates vary so drastically, given the volatile nature of crypto and the opaque processes sometimes used in offloading it. But regardless of the valuation, walking away with either amount of stolen money is a serious crime. So serious, in fact, that prosecutors are seeking 40,564 years in prison for Ozer and the other defendants involved in the case. Whether it remains that high is anyone's guess. But it's clear that Turkish officials aren’t messing around, as the process for Ozer’s extradition is already underway, according to an Interior Ministry
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