- Aiden Platersky, who calls himself the “Crypto King,” has had $2 million in assets seized, CBC Toronto reports.
- Platersky was reportedly given $35 million by 140 investors.
- Now, he is being sued by former investors in bankruptcy proceedings and two civil suits.
A 23-year-old Canadian self-proclaimed “crypto king” has had $2 million worth of assets seized as he is being sued for allegedly defrauding investors.
Aiden Platerski’s seized assets include his Lamborghini, two McLarens and two BMWs, CBC Toronto first reported.
Investors told the publication that at least $35 million paid to Platersky’s company, AP Private Equity Ltd., was lost. Twenty-nine creditors There is a bankruptcy process against Platersky, and says he owes them about $13 million, including a 65 year old woman who told CBC Toronto that she invested $60,000 that she had set aside for her grandchildren’s education.
Norman Groot, founder of Investigation Counsel PC, told CBC Toronto The bankruptcy proceedings against Platersky, who started investing in cryptocurrencies as a teenager, One of the only ways Investors can try to get their money back.
Platersky had his wealth and bank ever since Account frozenAccording to reports.
Platersky was reportedly renting a lakefront mansion in Burlington, Ontario He spent $45,000 for a month, and previously paid for promotional articles about themselves on websites such as Forbes publication in Monacoand the far-right Publication Daily Caller.
A lawyer from Platersky told CBC Toronto That Platersky thinks the former investors’ claims against him are “wildly exaggerated.”
“Surprisingly, it seems that no one thought about what would happen if the cryptocurrency market went down or whether Aiden, as a very young man, was qualified to handle such investments,” Platersky’s lawyer, Michael Seaman, said. told CBC Toronto. He added that Platersky is “cooperating with the bankruptcy process and is hopeful that it will work out in the most equitable fashion for everyone involved.”
Insider reached out to Platersky’s lawyer for additional comment but did not immediately return a call prior to publication.
At a meeting with creditors, Platersky He is reported to have told them was “very unorganized” and did not keep records of his investments. Told his faithful creditors that Platersky Said he lost money He “received a margin call and a series of bad trades” in late 2021 and early 2022, CBC Toronto reported.