This 'Crypto King' was accused of fraud and owes investors millions of dollars — but he's still 'living large' despite being forced into bankruptcy. Here are 3 legit ways to buy Bitcoin

Moneywise2023-12-19

In the volatile world of cryptocurrency, cautionary tales are as common as stories of overnight millionaires. One such tale is that of Aiden Pleterski, a 25-year-old self-described “Crypto King” from ...

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Here are 3 legit ways to buy Bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-12-19 20:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/crypto-king-accused-fraud-owes-120000738.html><strong>Moneywise</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In the volatile world of cryptocurrency, cautionary tales are as common as stories of overnight millionaires. One such tale is that of Aiden Pleterski, a 25-year-old self-described “Crypto King” from ...</p>\n\n<a href=\"https://finance.yahoo.com/news/crypto-king-accused-fraud-owes-120000738.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4112","symbol_name":"金融交易所和数据","start_time":0,"source_url":"https://finance.yahoo.com/news/crypto-king-accused-fraud-owes-120000738.html","article_id":"2392897706","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/Iodi3.T47iHRMQ9XgIthmg--~B/aD00MDA7dz03Mjg7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/moneywise_327/b031ccb70ed7132b04755997571f8f6f"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2392897706","pubTimestamp":1702987200,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"In the volatile world of cryptocurrency, cautionary tales are as common as stories of overnight millionaires. One such tale is that of Aiden Pleterski, a 25-year-old self-described “Crypto King” from Whitby, Ontario.More than 150 investors have been trying to recover more than $30 million they gave Pleterski to invest in cryptocurrency and foreign exchange.Commercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord. The US dollar has lost 87% of its purchasing power since 1971 — invest in this stable asset before you lose your retirement fund. Pleterski has been forced into bankruptcy. Court documents indicate that he’s accused of breach of contract, fraudulent misrepresentation, civil fraud, misappropriation of funds, conversion and unjust enrichment.However, it's not necessary to entrust your funds to a \"Crypto King\" to participate in this market. There are multiple legitimate ways to gain exposure","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4112":"金融交易所和数据","RIOT":"Riot Platforms","SAI":"SAI.TECH Global Corporation","BK4539":"次新股","BK4554":"元宇宙及AR概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4585":"ETF&股票定投概念","BK4535":"淡马锡持仓","BITO":"ProShares Bitcoin Strategy ETF","COIN":"Coinbase Global, Inc.","BK4588":"碎股","BK4550":"红杉资本持仓","FDN":"First Trust Dow Jones Internet I","BK4551":"寇图资本持仓","BTF":"Valkyrie Bitcoin Strategy ETF","MSTR":"MicroStrategy Incorporated","BK4023":"应用软件","LU1861558580.USD":"日兴方舟颠覆性创新基金B","MARA":"Marathon Digital Holdings Inc"},"translate_title":"这位“密码王”被指控欺诈，欠投资者数百万美元——但尽管被迫破产，他仍“过着奢侈的生活”。以下是购买比特币的三种合法方式","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SAI":1,"RIOT":1,"MSTR":1,"MARA":1,"BITO":1,"BTF":1,"COIN":0.9,"FDN":0.81},"content_text":"In the volatile world of cryptocurrency, cautionary tales are as common as stories of overnight millionaires. One such tale is that of Aiden Pleterski, a 25-year-old self-described “Crypto King” from Whitby, Ontario.\nMore than 150 investors have been trying to recover more than $30 million they gave Pleterski to invest in cryptocurrency and foreign exchange.\nDon’t miss\n\nCommercial real estate has outperformed the S&P 500 over 25 years. Here's how to diversify your portfolio without the headache of being a landlord \nFinish 2023 stronger than you started: 5 money moves you should make before the end of the year \nThe US dollar has lost 87% of its purchasing power since 1971 — invest in this stable asset before you lose your retirement fund \n\nPleterski has been forced into bankruptcy. Court documents indicate that he’s accused of breach of contract, fraudulent misrepresentation, civil fraud, misappropriation of funds, conversion and unjust enrichment.\nBut despite ongoing bankruptcy proceedings, Pleterski continues to live a lavish lifestyle. CBC News recently reported that Pleterski is traveling extensively, driving a Lamborghini and a McLaren, and “offering to fly a woman from Sydney to Melbourne for a night while he's in Australia.”\nThe bankruptcy proceedings have so far recovered approximately $2.2 million, a small fraction of what was given to him by investors.\n“He has access to funds,” Norman Groot, a fraud-recovery lawyer in Toronto, told CBC. “It would seem that Mr. Pleterski is not deterred by anything that has gone on litigation-wise in the bankruptcy to continue on his reckless type of spending.”\nMany investors are captivated by the high return potential of cryptocurrencies. For example, Bitcoin, the world's most prominent cryptocurrency, has seen an impressive 145% increase in value year to date.\nHowever, it's not necessary to entrust your funds to a \"Crypto King\" to participate in this market. There are multiple legitimate ways to gain exposure to bitcoin. Here’s a look at three of them.\nRead more: Millions of Americans are in massive debt in the face of rising rates. Here's how to get your head above water ASAP\nBuy bitcoin directly\nThe first option is the most straightforward: If you want to buy Bitcoin, just buy Bitcoin.\nThese days, many platforms allow individual investors to buy and sell crypto. Just be aware that some exchanges charge up to 4% commission fees for each transaction. So look for apps that charge low or even no commissions.\nWhile Bitcoin currently commands a price in excess of $50,000, there’s no need to buy a whole coin. Most exchanges allow you to start with as much money as you are willing to spend.\nBitcoin ETFs\nExchange-traded funds have risen in popularity in recent years. They trade on stock exchanges, so buying and selling them is very convenient. And now investors can use them to get a piece of the Bitcoin action, too.\nFor instance, ProShares Bitcoin Strategy ETF (BITO) started trading on NYSE Arca in October 2021, marking the first U.S. bitcoin-linked ETF on the market. The fund, which holds Bitcoin futures contracts that trade on the Chicago Mercantile Exchange, has an expense ratio of 0.95%.\nInvestors can also consider the Valkyrie Bitcoin Strategy ETF (BTF), which made its debut a few days after BITO. This Nasdaq-listed ETF invests in bitcoin futures contracts and charges an expense ratio of 0.95%.\nBitcoin stocks\nWhen companies tie some of their growth to the crypto market, their shares can often move in tandem with the coins.\nFirst, there are Bitcoin miners. The computing power doesn’t come cheap and energy costs can be substantial. But if the price of Bitcoin goes up, miners like Riot Platforms (RIOT) and Marathon Digital Holdings (MARA) are likely to receive increased attention from investors.\nThen there are intermediaries like Coinbase Global (COIN). When more people buy, sell and use crypto, these platforms stand to benefit.\nFinally, there are companies that simply hold a lot of crypto on their balance sheets.\nCase in point: enterprise software technologist MicroStrategy (MSTR). It has a market cap of around $8 billion. Yet its Bitcoin count reached approximately 174,530 as of Nov. 29, a stockpile worth several billion dollars.\nWhat to read next\n\nThanks to Jeff Bezos, you can now cash in on prime real estate — without the headache of being a landlord. Here's how\nWorried about the economy? Here are the best shock-proof assets for your portfolio. (They’re all outside of the stock market.)\nRising prices are throwing off Americans' retirement plans — here’s how to get your savings back on track \n\nThis article provides information only and should not be construed as advice. It is provided without warranty of any kind.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2392897706"}