Khaberni - The case of the largest fraud operation in Turkey, linked to the digital currency platform "Thodex", saw a new development today with the court's decision to release the last detained suspects, who are the siblings of the platform's founder, Guven Ozer and Serap Ozer, placing them under house arrest.
According to media reports, there are no longer any suspects detained now in the famous case, which involved 21 people.
The roots of the case go back to the establishment of Thodex by Faruk Fatih Ozer in 2017 with a capital of 400,000 Turkish Liras, which quickly became one of the largest digital currency exchange platforms in Turkey.
The Turks used the platform as a way to safeguard the value of their money as the Turkish Lira declined, but in April 2021, the platform collapsed suddenly, the investors’ assets disappeared, and Ozer fled to Albania carrying assets that some estimate at $2 billion, while the official estimates of investor losses reached 356 million Turkish Liras.
Ozer was arrested in Albania in 2022 based on an international arrest warrant from Interpol, and was returned to Turkey after a prolonged legal process.
A Turkish court issued a historic judgement in September 2023 sentencing him and his siblings Serap and Guven, to 11,196 years in prison each, on charges including: fraud, establishing and managing a criminal organization, and money laundering, due to crimes committed against 2027 victims.
Turkish media mentioned that Ozer confessed in court that if he intended to commit the crime, “he wouldn’t have acted in such an impulsive manner”, and said: "I am smart enough to lead any organization on Earth, which is evident in the company I founded at the age of 22."
It is worth mentioning that on November 1, 2025, the body of Faruk Ozer was found hanging by a sheet on the bathroom door of his single cell in the high-security Tekirdag F Prison, where he ended his life by hanging using the sheets and towels allowed for his use.
Today, with the court's decision to release his sister and brother, the detention file in this controversial case is closed, amid widespread public reactions in Turkey due to the enormous amount of money involved in the case, and the nature of the organized financial crimes associated with it.
