He stole an entire crypto exchange and put it in his pocket. 💾💰 We investigate the incredible case of Faruk Fatih Özer, the "Crypto King" of Turkey who founded the Thodex exchange. In 2021, he vanished with $2 billion in user funds stored on a single cold wallet thumb drive, triggering an international manhunt .

1. The Exit Scam: We break down the mechanics. Thodex wasn't just hacked; it was "rugged" from the inside. Özer halted trading, claimed a "cyberattack," and then boarded a flight to Albania with the private keys to 400,000 users' crypto assets . We discuss how he lived as a fugitive for over a year before being caught and extradited.

2. The 11,000-Year Sentence: The punishment was biblical. We analyze the Turkish court's decision to sentence Özer to 11,196 years in prison. This wasn't just for theft; it was for "establishing a criminal organization" and money laundering. It marks a global shift from treating crypto fraud as white-collar crime to treating it like organized terrorism .

3. The "Zero Compensation" Law: Turkey didn't just jail the founder; they rewrote the rules. We explore the radical new regulatory framework that classifies crypto exchanges as "abnormally dangerous" businesses. The law demands bank-level security but simultaneously forces exchanges to disclose that there is zero investor compensation if the system fails, forcing users to accept total risk .