Faruk Fatih Ozer, the former CEO of the now-defunct Thodex cryptocurrency exchange, received a sweeping 11,196-year prison sentence from the Anatolian 9th High Criminal Court in Turkey for a number of charges. "Laundering of property values," "establishing, managing, and being a member of an organization," and "qualified fraud" are among these charges. The state-affiliated news organization Anadolu Agency reported that the court also imposed a penalty of $5 million.