PANews, October 17: According to CBC, Aiden Pleterski, who calls himself the "King of Crypto," is on trial at the Ontario Superior Court in Toronto. A senior forensic accountant from the Ontario Securities Commission testified that between 2020 and 2022, investors contributed $36.3 million to him, nearly half of which he used for personal expenses. Specific expenditures included approximately $5.6 million on luxury vehicles, $4.9 million on credit card bills, $870,000 on travel and private jets, $598,000 on security services, and nearly $3.7 million transferred to his parents. Meanwhile, he paid investors approximately $16.1 million as "returns."
Canada's 'Crypto King' Spent $16.3 Million of Investor Funds on Luxury Cars and Private Jets
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Summary
Aiden Pleterski, known as the "Crypto King," is facing trial at the Toronto Superior Court after allegedly misappropriating $16.3 million from investors. A senior legal accountant revealed that between 2020 and 2022, Pleterski received $36.3 million, nearly half of which was spent on personal luxury items—including $5.6 million on cars, $4.9 million on credit card expenses, and $870,000 on private jets. The case has sparked concerns about risk-on assets and the urgent need for stronger oversight in liquidity and crypto markets. Pleterski also transferred $3.7 million to his parents and paid $16.1 million in "returns" to investors.
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