BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Self-Acclaimed “Crypto King” Accused of Owing Investors $35M

BlockNews Team by BlockNews Team
September 29, 2022
in CRYPTO, MEDIA, SOCIAL
Reading Time: 4 mins read
1
SHARES
12
VIEWS
Share on XShare in TelegramShare on Reddit

The crypto industry is not new to the activities of scammers, creating projects with false promises of high and fast yield. Founders have carted away millions of dollars belonging to investors, with FBI notices offering bounties for information regarding their whereabouts. 

A 23-year-old self-acclaimed “crypto king” is facing allegations regarding $35M collected from investors. The money is nowhere to be found, and creditors scramble to uncover where it all went. 

Who is Aiden Pleterski, the “Crypto King?” 

Aiden Pleterski is the founder of AP Private Equity Limited, a company developed to handle crypto and foreign exchange investments. 

According to PR articles, he is said to have found crypto as a way to buy and sell items and jumped on the opportunity to buy Bitcoin while the price was relatively low. 

He worked with Compass Group Canada, employing his knowledge of cryptocurrency in cyber security, and worked with high-profile individuals like Tim Hortons. He eventually quit his job and started his company, AP Private Equity Limited. 

Investor Claims She Gave Him $50,000 “Based on Trust.”

According to Diane Moore, a grandmother who invested $60,000 initially set aside for her grandchildren’s education, the company was responsible for trading on behalf of investors. 

The agreement she had with the accused was a 70-30% split on capital gains. Pleterski was to take the lesser percentage from the yield on capital. He also promised her- in the investment contract that if there were any losses, the initial investment would be paid back in full. The capital yield was around 10% to 20%, coming in bi-weekly. 

According to Moore, the agreement had been made based on trust, as she knew the “crypto king” through someone she had been friends with for years. 

“The whole thing was based on trust,” Moore explained. “What Aiden has done, I think, is awful — and I don’t know how he can live with himself. I don’t know if he was ever really trading, or was this his plan, and it was just the story to get me in along with other people?”

Altogether, Aiden Pleterski owes over 140 investors, with 29 claiming they owned about $13 million each in the bankruptcy case. 

The Missing Funds

Two McLarens, two BMWs, and a Lamborghini were among the $2 million worth of assets seized from Pleterski as concerned parties tried to gather the stolen funds. But, the assets on the ground barely make up for the millions of dollars investors handed over to his company. 

According to Norman Groot, founder of Investigation Counsel PC and fraud recovery lawyer, the crypto king enjoyed a lavish lifestyle. 

“This guy had a large lifestyle burn rate, but it doesn’t account for the amount of money that’s missing,” Groot told CBC Toronto. “What’s difficult with this particular case is that Pleterski was taking in a lot of cash — and how do you trace cash?” he added. 

In addition, he owned 11 vehicles, had leased four other luxury cars, rented a $45,000 lakefront mansion, and did not shy away from flying private jets. His Instagram account clearly showed how the 23-year-old did not hold back on luxury. 

Pleterski’s Lawyer Responds To Accusations 

According to Micheal Simaan, the claims against his client, Aiden Pleterski, have been wildly exaggerated. He added that the “crypto king” never solicited money but was given by individuals who saw how much he made for himself. 

When questioned by creditors, Pleterski claimed he had lost most of the money entrusted in his care due to margin calls and bad trades. But no records of his finances, indebtedness, or payments were provided. 

While the bankruptcy case is the only chance of recovering the funds, Norman Groot explains that the more time that goes by, “the less likely there’s a recovery of evidence and less likely there’s a recovery of money.”

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: BlockchaincryptoWeb3
TweetShareShare
BlockNews Team

BlockNews Team

DON'T MISS THESE! HOT OFF THE PRESS

ApeCoin Makes Official Debut on Solana: Here is Why This is Bullish for APE Holders
CRYPTO

ApeCoin Makes Official Debut on Solana: Here is Why This is Bullish for APE Holders

September 9, 2025
First Ever U.S. Based Dogecoin ETF Set to go Live This Thursday: Here is What You Need to Know
CRYPTO

First Ever U.S. Based Dogecoin ETF Set to go Live This Thursday: Here is What You Need to Know

September 9, 2025
Dogecoin Price Prediction 2026: Could DOGE Really Smash Past $1.73? Here’s What You Need to Know
CRYPTO

Dogecoin Price Prediction 2026: Could DOGE Really Smash Past $1.73? Here’s What You Need to Know

September 9, 2025
What is Bittensor? Full TAO Project Review: The Open AI Network That Pays You Back
CRYPTO

What is Bittensor? Full TAO Project Review: The Open AI Network That Pays You Back

September 9, 2025
Truth Social Unveils Token Rewards—Get CRO for Posting and Here is How
CRYPTO

Truth Social Unveils Token Rewards—Get CRO for Posting and Here is How

September 9, 2025
Eric Trump Downgraded to Observer After Alt5 Board Shakeup: Here is What Happened
CRYPTO

Eric Trump Downgraded to Observer After Alt5 Board Shakeup: Here is What Happened

September 9, 2025
Load More

Related News

ApeCoin Makes Official Debut on Solana: Here is Why This is Bullish for APE Holders

ApeCoin Makes Official Debut on Solana: Here is Why This is Bullish for APE Holders

September 9, 2025
First Ever U.S. Based Dogecoin ETF Set to go Live This Thursday: Here is What You Need to Know

First Ever U.S. Based Dogecoin ETF Set to go Live This Thursday: Here is What You Need to Know

September 9, 2025
Dogecoin Price Prediction 2026: Could DOGE Really Smash Past $1.73? Here’s What You Need to Know

Dogecoin Price Prediction 2026: Could DOGE Really Smash Past $1.73? Here’s What You Need to Know

September 9, 2025
What is Bittensor? Full TAO Project Review: The Open AI Network That Pays You Back

What is Bittensor? Full TAO Project Review: The Open AI Network That Pays You Back

September 9, 2025
Trump Says Jerome Powell is Out of Options: Massive Interest Rate Cuts Incoming?

Trump Says Jerome Powell is Out of Options: Massive Interest Rate Cuts Incoming?

September 9, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews