11,196 Years in Prison
WIRED|July - August 2024
Faruk Özer made crypto seem like the sation to decades of economic dysimction. Then he became Turkey's most wanted-and hated-man.
BY Jenna Scatena
11,196 Years in Prison

A LINE OF IMPATIENT TRAVELERS QUEUING behind him. He pulled his face mask below his chin for the security camera. Surely he was nervous. The 27-year-old had unruly black hair, a boy-band face, and a patchy beard.

Normally he overcompensated for his callow features by dressing in a pressed three-piece suit. But this spring day he wore black trainers and a navy-blue sweater hastily pulled over a white polo shirt, as if he had dressed in a dash. A small backpack was slung over his right shoulder.

He looked like someone who could have been going on a last-minute day trip-or someone planning to never come back. At 5:57 pm on April 20, 2021, the guard stamped his Turkish passport and Özer shuffled through the crowd to Gate C, a flash drive containing a rumored $2 billion in crypto stashed in his belongings.

After Özer's plane reached Tirana, Albania, at 9:24 that night, he checked into the Mondial, a popular 4-star business hotel in the capital's commercial district. A couple of days later, he looked at his social media accounts. A mob was very angry with him: Customers couldn't access their money on the exchange Thodex, where he was founder and CEO, and people were accusing him of absconding with their funds.

This story is from the July - August 2024 edition of WIRED.

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This story is from the July - August 2024 edition of WIRED.

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