Summer Squash Fritters: Kolokethokeftaide

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1/2 cup olive oil, plus 3/4 cup, for frying

1 pound summer squash, peeled and quartered

1 large onion, chopped fine

3 tablespoons grated Kasseri,

2 tablespoons butter, melted

4 cups panko or bread crumbs

2 eggs

2 scallions, sliced thin

1 teaspoon finely chopped thyme

Salt and freshly ground black pepper

1 cup all-purpose flour

1 tablespoon butter, for frying