Faruk Fatih Özer, founder of the defunct Turkish cryptocurrency exchange Thodex, was found dead in his prison cell while serving an 11,196-year sentence for orchestrating a $2.6 billion crypto fraud. Özer had fled Turkey in 2021 after the exchange abruptly halted withdrawals, leaving thousands of investors stranded. His body was discovered during routine checks, with authorities launching an investigation to determine the cause of death. The Thodex case remains one of Turkey’s largest financial scandals, highlighting the risks tied to unregulated crypto platforms and investor protection gaps in emerging markets.