A Canadian judge has decided that a guy named Aiden Pleterski, who calls himself the “Crypto King,” will stay bankrupt until his criminal case is finished. Pleterski is accused of running a huge crypto scam that ripped off investors for over $30 million.
The Judge’s Decision
The judge said that keeping Pleterski bankrupt until the criminal case is over is the best way to protect the public and make sure he’s held accountable. He also wants Pleterski to cooperate fully with the bankruptcy trustee and be completely honest about his finances.
Pleterski’s Refusal to Cooperate
The trustee’s lawyer said Pleterski has been refusing to cooperate with the bankruptcy process. He’s been lying about his money and income, which is why the judge decided he shouldn’t be released from bankruptcy yet.
The Crypto Scam
Pleterski was arrested in May after an 18-month investigation into his alleged Ponzi scheme. The police and securities commission launched a joint investigation called Project Swan. Pleterski and his businesses were declared bankrupt in 2022.
This whole situation shows how important it is to be careful when investing in cryptocurrencies. Do your research and don’t trust anyone who promises unrealistic returns.
