Albanian court approves detention decision against fugitive Turkish crypto exchange founder

By Fatjon Cuka

DURRES, Albania (AA) - The Durres Court of Appeals in Albania has approved the continued detention of the founder of now-defunct cryptocurrency exchange, Thodex.

Lawyers for Faruk Fatih Ozer objected to the Sept. 2 decision by the Elbasan Court of First Instance.

The court decided to continue Ozer’s detention after he was arrested Aug. 30 in Viore.

Judge Floryan Kalaya said the ruling could be appealed to the Supreme Court within 45 days.

Ozer, 27, sought on charges for fraud and founding a criminal organization, fled Türkiye last year and left investors unable to get their money.

Türkiye issued an international arrest warrant after he fled with a reported $2 billion in money investors poured into Thodex.