Read

/send

<div class="protos">
 <div>
  <div>
   <div>
    <p>The self-proclaimed ‘Ontario Crypto King,’ who was allegedly kidnapped during his bankruptcy and reportedly owes $40 million in misappropriated crypto investments, is apparently still splashing the cash.&nbsp;</p>
    <p>Crypto investor Aiden Pleterski owes former clients $40 million in crypto and forex investments after reportedly spending just 2% of their funds on investments while $16 million was plowed into hired jets, luxury cars, and his Ontario mansion.&nbsp;&nbsp;</p>
    <p>So far, roughly 160 investors filing the case against Pleterski in the <a rel="noopener noreferrer nofollow" title="Ontario" href="https://thebittimes.com/tag/ontario.html">Ontario</a> Superior Court have clawed back close to $3 million. However, despite this and Pleterski’s ongoing <a rel="noopener noreferrer nofollow" title="bankrupt" href="https://thebittimes.com/tag/bankrupt.html">bankrupt</a>cy, the CBC reports that he’s not curbed his frivolous spending and currently describes himself as a professional streamer who’s “unemployed with income.”</p>
    <p>His lavish lifestyle reportedly includes driving both a McLaren and a Lamborghini, <strong>spending $150,000 on Lego</strong>, and offering to fly a woman from Sydney to Melbourne on his next trip.</p>
    <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="605" src="https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp" alt class="wp-image-55325" srcset="https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp 1024w, https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp 300w, https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp 768w, https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp 1536w, https://cdn.thebittimes.com/images/2023/11/30/6fc940357ccbfca0d98f748f89ba8db4.webp 2048w" sizes="(max-width: 1024px) 100vw, 1024px">
     <figcaption class="wp-element-caption">
      His kick page with the bio “Doing what you love to do is worth way more than any amount of money.”
     </figcaption>
    </figure>
    <p>Protos also found Pleterski has recently been live-streaming himself on Kick while gambling on slot machines in videos titled “LOSING MILLIONS &amp; OME !money.”</p>
    <p>In addition, Pleterski traveled to the UK for a boxing event in Manchester before visiting London. He then flew to Los Angeles for various parties before moving to Miami and is now planning to fly to Australia, all within the space of two months.&nbsp;</p>
    <p>A fraud recovery lawyer told CBC that “<strong>Pleterski is not deterred by anything that has gone on litigation-wise in the <a rel="noopener noreferrer nofollow" title="bankrupt" href="https://thebittimes.com/tag/bankrupt.html">bankrupt</a>cy to continue on his reckless type of spending</strong>.”&nbsp;</p>
    <h2 class="wp-block-heading" id="h-bankruptcy-aware-of-crypto-king-s-spending-habits">Bankruptcy aware of Crypto King’s spending habits</h2>
    <p>The ‘Crypto King’ bankruptcy is managed by insolvency trustee Rob Seltzer, who is investigating Peterlski’s finances and administrating his estate. Seltzer works for accounting firm Grant Thornton and is reportedly aware of his travel posts.&nbsp;</p>
    <p>A Grant Thornton spokesperson said, “Although there is no prohibition regarding the travel of a bankrupt, the nature and amount of traveling has been lavish.” Seltzer asked the court to note Pelterski’s traveling and has opposed an automatic discharge “given Pleterski’s conduct.”&nbsp;</p>
    <figure class="wp-block-embed is-type-wp-embed is-provider-protos wp-block-embed-protos">
     <div class="wp-block-embed__wrapper">
      <blockquote class="wp-embedded-content" data-secret="cA0KNLoZGI">
       Ontario ‘crypto king’ allegedly held ransom by investor who lost $740K
      </blockquote><iframe class="wp-embedded-content" sandbox="allow-scripts" security="restricted" style="position: absolute; clip: rect(1px, 1px, 1px, 1px);" title="“Ontario ‘crypto king’ allegedly held ransom by investor who lost $740K” — Protos" src="https://protos.com/ontario-crypto-king-allegedly-held-ransom-by-investor-who-lost-740k/embed/#?secret=OeZ3u8mvsa#?secret=cA0KNLoZGI" data-secret="cA0KNLoZGI" width="500" height="282" frameborder="0" marginwidth="0" marginheight="0" scrolling="no"></iframe>
     </div>
    </figure>
    <p><em>Read more: NBA star flees $8M mansion amid threats from ‘Crypto King’ victims</em></p>
    <p>Thornton said that Seltzer has already recommended the court should incarcerate Pleterski “<strong>for failing to fully comply with his duties as a <a rel="noopener noreferrer nofollow" title="bankrupt" href="https://thebittimes.com/tag/bankrupt.html">bankrupt</a></strong>,” but has so far been rejected.</p>
    <p>According to CBC, a discharge hearing is expected to take place in the coming months. If discharged, Pleterksi would no longer have to repay his <a rel="noopener noreferrer nofollow" title="bankrupt" href="https://thebittimes.com/tag/bankrupt.html">bankrupt</a>cy debts.</p>
    <p><em>Got a tip? Send us an email or ProtonMail. For more informed news, follow us on&nbsp;X,&nbsp;</em><em>Instagram</em><em>,&nbsp;</em><em>Bluesky</em><em>, and&nbsp;</em><em>Google News</em><em>, or subscribe to our&nbsp;</em><em>YouTube</em><em>&nbsp;channel.</em></p>
   </div>
  </div>
 </div>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-king-still-gambling-and-jet-setting-despite-40m-bankruptcy-tbt72221.html">https://thebittimes.com/crypto-king-still-gambling-and-jet-setting-despite-40m-bankruptcy-tbt72221.html</a></p>

‘Crypto King’ still gambling and jet-setting despite $40M bankruptcy

Table of Contents

TheBitTimes

Other articles published on Nov 30, 2023

Introducing Shoebill Finance, WEMIX.Fi’s new dApp service

Why DOGE remains bullish despite price drops

XRP Price Prediction as $1 Billion Trading Volume Comes In – Can XRP Reach $1 This Week?

Grayscale Initiates Significant Amendments To GBTC Trust Agreement

Bitcoin Bull Cathie Wood’s Ark Invest Sells Coinbase (COIN), Buys Robinhood Shares

December Price Predictions for Three Popular Altcoins: SEI, TIA, and KAS

Join our free newsletter for daily crypto updates!