August 9, 2022
Aiden Pleterski, the self-described "Crypto King", and his company AP Private Equity Limited (collectively the “Debtors”) were petitioned into bankruptcy on August 9, on application by certain of their creditors. The Debtors claimed to have operated an investment business in which, among other things, investor monies were invested into cryptocurrency and foreign exchange positions. The trustee is in the process of realizing on the assets of the Debtors, including two McLarens, a Lamborghini and a collection of other high-end vehicles. The trustee is aware of over $10 million of liabilities, although the records of the Debtors are incomplete and the total amount of liabilities is believed to be much greater. Grant Thornton is the bankruptcy trustee. Counsel is Baker McKenzie for the creditors who brought the bankruptcy applications.
By Dina Milivojevic