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Crypto Exchange Founder Sentenced To 11 Years In Prison For Fraud

The founder of the collapsed Thodex crypto exchange, Faruk Fatih Ozer, was sentenced to 11,196 years in jail by a court in Turkey. Faruk Fatih Ozer was sentenced alongside his siblings after being found guilty of aggravated fraud, running a criminal organization, and money laundering.

Also, the blockchain ecosystem was thrown into a panic earlier in the week when reports came out that Stake, the world’s largest casino and sportsbook that allows users to deposit and play with cryptocurrencies was targeted in a $41 million breach. 

Following the exploit, the Federal Bureau of Investigation (FBI) in a statement released on Thursday, has confirmed that North Korea-linked hacker collective Lazarus Group was behind the hack.

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