Faruk Fatih Özer, the founder of 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 been convicted in one of Turkey’s largest financial scandals, where thousands of investors lost their savings after Thodex abruptly halted trading in 2021. Authorities are investigating the cause of death, though initial reports suggest no signs of foul play. His death closes a major chapter in Turkey’s crypto history, raising renewed scrutiny over investor protection and exchange regulation.