‘Crypto King’ spent $16.3M of investor funds on cars, credit cards, jets, security, accountant testifies

In a Toronto court, a senior forensic accountant revealed that Aiden Pleterski, dubbed the ‘Crypto King,’ lavishly spent $16.3 million of the $36.3 million investors entrusted to him on personal luxuries like cars, jets, and credit cards. Pleterski also paid out about half of the investor funds as returns between 2020 and 2022. This trial sheds light on the significant misuse of investor funds, raising serious questions about accountability and investor protection in the volatile crypto market.