Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme

Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme


Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD –i n a crypto and foreign exchange investment scheme.

Self-proclaimed “Crypto King” Aiden Pleterski, 25, was charged with fraud and money laundering for his role in the alleged Ponzi scheme. His associate, 27-year-old Colin Murphy, was charged with fraud, the Ontario Securities Commission announced Wednesday.

The criminal charges, which are the result of a 16-month investigation Canadian authorities are calling Project Swan, come amid an ongoing bankruptcy case tied to the alleged scheme that has been the subject of much media attention in Canada.

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