Faruk Fatih Özer, former CEO of crypto exchange Thodex, has been arrested by law enforcement officers of Albania at the request of the Turkish authorities.
According to a statement by the Turkish Interior Ministry, the identity of the detainee has been confirmed by a biometric examination.
The country’s Interpol branch initiated the extradition procedure for Özer, for whom a “red notice” was issued.
Thodex unexpectedly stopped trading on April 20 last year. Initially, the platform cited technical work, but then claimed to be transferring the business to a “major partner,” which would supposedly take 4-5 days.
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