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Thodex Founder Faruk Fatih Özer Found Dead in Turkish Prison as Officials Probe Suspected Suicide

Officials cite preliminary signs of suicide pending full forensic and judicial review.

Overview

  • He was found in his single-person cell at Tekirdağ F-Type High Security Prison, according to state broadcaster TRT.
  • Justice Minister Yılmaz Tunç said initial findings indicate suicide and that the exact cause will be determined by the investigation.
  • Local reports said he was discovered hanging in the bathroom, a detail authorities have not formally confirmed.
  • Özer was serving an 11,196-year sentence following a 2023 Istanbul conviction for aggravated fraud, money laundering, and leading a criminal organization.
  • Thodex collapsed in April 2021 after withdrawals were halted, with reported investor losses ranging from about $24 million to as high as $2.6 billion, prompting tighter oversight of crypto platforms in Turkey.