Canada’s “Crypto King” Raised $36 Million and Fabricated a $311 Million Trading Account That Never Existed
Aidan Bleterski, who dubbed himself “King of Crypto,” convinced investors that he could generate massive profits from trading cryptocurrencies and forex
But what happened was shocking
He raised more than $36.3 million from investors between 2020 and 2022
He promised some of them returns of up to 3% per week
He showed them photos and videos of an alleged trading account containing more than $311 million
But audio recordings presented in court revealed his admission that this fund never existed in the first place
And even more shocking: where did the investors’ money go?
$5.6 million on luxury cars
$4.9 million to pay off credit cards
$870,000 on travel and private jets
$598,000 on security
He also transferred about $3.7 million to his parents, while using $16.1 million from new investors to repay previous investors
On October 29, after only about 90 minutes of deliberation, a Toronto jury found him guilty of fraud
Imagine someone convincing people that he was managing $311 million when the entire account was just a hoax
This isn’t the story of a trader who lost investors’ money in the market, but the story of someone who sold them a fictitious fortune that never existed
$BTC $SOL $ETH
Aidan Bleterski, who dubbed himself “King of Crypto,” convinced investors that he could generate massive profits from trading cryptocurrencies and forex
But what happened was shocking
He raised more than $36.3 million from investors between 2020 and 2022
He promised some of them returns of up to 3% per week
He showed them photos and videos of an alleged trading account containing more than $311 million
But audio recordings presented in court revealed his admission that this fund never existed in the first place
And even more shocking: where did the investors’ money go?
$5.6 million on luxury cars
$4.9 million to pay off credit cards
$870,000 on travel and private jets
$598,000 on security
He also transferred about $3.7 million to his parents, while using $16.1 million from new investors to repay previous investors
On October 29, after only about 90 minutes of deliberation, a Toronto jury found him guilty of fraud
Imagine someone convincing people that he was managing $311 million when the entire account was just a hoax
This isn’t the story of a trader who lost investors’ money in the market, but the story of someone who sold them a fictitious fortune that never existed
$BTC $SOL $ETH
