The Istanbul Regional Court has overturned the sentence against the Justice Court of Justice against Farooq Fatih özer, who is now the founder of the Difunction Cryptocurrency Exchange.
The court dismissed the allegations related to starting an organization to commit crime, but retained its fraud and money sentence, According For local reporting.
ÖZer, who was sentenced to more than 11,190 years of prison for allegedly cheating more than 400,000 out of $ 2 billion dollars, remains disorganized.
However, the appeal decision means that it will no longer give time for allegations related to organized crime. The court also ordered a return to some aspects of the case, sent it back to a lower court.
Despite the verdict, the court determined that özer should be detained for other offenses.
Slight collapse
In April 2021, a fewx collapsed after a sudden return, unable to reach their funds.
Officials later determined that the Offer ofer Albania had fled, where he was arrested in 2022 and extradited in Türkiye in 2023. His legal team is now insisting on further generosity, arguing that his punishment was incompatible.
ÖZer has been accused of cheating thousands of investors and cheating millions through a little bit. After the sudden closure of the exchange of the exchange, he fled to Albania, claiming that he was earning money from foreign investors.
Initially, he promised to cooperate with Turkish officials and return the customer money. However, he later claimed that he was a victim of a cyber attack that reduced the property’s wealth. A criminal investigation from his disappearance, an international manhunt and investors’ protests feared that he had lost his savings.
The littletime was one of Türkiye’s largest cryptocurrency exchanges, claiming more than 400,000 users and a daily trading volume of approximately $ 585 million.
