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Canada's Crypto King arrested on fraud charges



Aiden Pleterski, who dubbed himself the "Crypto King" of Canada, has been arrested in Whitby, Ontario, for his involvement in a $40 million fraud. The arrest, which also saw another man taken into custody, follows an extensive investigation into a Ponzi scheme that began in the summer of 2022. Police will provide more details at a news conference today, but what is already known is both shocking and intriguing.


Pleterski gained notoriety on social media, where he flaunted his wealth and claimed to be an investment expert. However, investigators now say his image was built on lies. Despite attracting investments from hundreds of people, only about $3 million of the funds have been recovered through U.S. bankruptcy proceedings. This arrest marks the latest chapter in a saga filled with twists and turns.


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