A Turkish court sentenced Faruk Fatih Ozer, the founder of failed crypto exchange Thodex, to 11,196 years in prison.
He was sentenced to 11,196 years in prison, according to a Bloomberg report.
Ozer had founded his company in 2017 and it became one of Turkey's largest crypto exchanges.
"I am smart enough to lead any institution on Earth," Ozer said in court, the state-run Anadolu Agency reported him as saying.
Bankman-Fried's crypto exchange imploded in November 2022, sparking a chain reaction of bankruptcies and blow-ups that led many in the sector to name it crypto's "Lehman moment."
Persons:
Faruk Fatih Ozer, Ozer, Sam Bankman, Lehman, Fried
Organizations:
Bloomberg, Service, Anadolu Agency, Prosecutors, Alameda Research
Locations:
Wall, Silicon, Albania, Turkey