‘Crypto King’ reportedly kidnapped and tortured

It’s claimed he scammed investors and spent more than £13m funding lavish life.

‘Crypto King’ Aiden Pleterski was allegedly kidnapped and tortured following claims that he scammed investors and spent £13m to fund his Instagram lifestyle.

The 23-year-old Canadian told investors he would significantly increase the value of their money. However, 98% of the funds gathered were never invested.

To date, only $1.6m has been recovered and reports say Pleterski has spent the majority of the millions on a private jet, expensive cars and luxury vacations.

Pleterski's father, Adam Peters, claims his son was kidnapped in the middle of the night and received a call demanding $3m CAD as ransom money to release his son.

Peters said: “He was taken. They basically held him for approximately three days, drove him around different, various parts of southern Ontario, beat him, tortured him, allowed him to make specific phone calls to specific people only.”

Norman Groot, an attorney hired for more than 150 of the scammed investors, believes $29m could be just the beginning of what is owed back by Pleterski, claiming the 23-year-old was running a Ponzi scheme on his clients.

Pleterski owned 11 high-end cars, in addition to leasing several others, rented a waterfront home in Burlington for approximately $45,000 per month and owned five or six watches, valued at between $200,000 and $400,000.

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Written by David Kent

David has more than a decade of sports betting and sports writing experience working with some of the biggest names in the industry. He focuses on articles covering these subjects including how crypto is transforming sportsbooks.

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