Foreign boss of failed Crypto Exchange gets 11 000 year sentence. Well I hope he's taken his vitamins to live that one out. Farook Ozer who ran Crypto Exchange Bowdex until it imploded in 2021, was sentenced to 11 196 years in prison by a Turkish court for crimes including fraud delivering its verdict late Thursday The court in Istanbul sentenced Ozer and his two siblings to similar length jail terms, finding them guilty of aggravated fraud, leading a criminal organization, and money laundering. Now that alone sounds very, very crazy, but you have to hear his comments on the situation.

Ozer, a high school dropout who funded Thodex in 2017 and fled to Albania after it went bus, appeared unrepentant at his final hearing. I Am smart enough to lead any institution on earth that is evident in this company I established at the age of 22 I wouldn't have acted so amortizly if this were a criminal organization. He's saying he's too smart for this to have been a crime. He's basically saying it blew up because of economic Market influences.

It wasn't fraud because he's too smart to ever fall for that. and he, you know he's too smart because he made the company at 22. The total amount of losses investors suffered when Thodex collapse remains unclear. The prosecutor's indictment estimates them at 13 million, but Turkish media have reported figures as high as 2 billion.

A study by Chain analysis put the value of cryptocurrency loss at Thodex at 2.6 billion and whether it's 13 million or 2.6 billion this now. I Guess child genius is going to be facing over 11 000 years in prison. Truly insane.