‘Crypto King’ Aiden Pleterski Video Game Transfers: Bankruptcy Report

Ontario’s so-called “cryptocurrency king” Aiden Pleterski has transferred more than half a million dollars into video game platforms in a series of transactions in March, a new bankruptcy filing shows.

The 670-page report released Thursday by administrator Grant Thornton Ltd. is the sixth released in the nearly two years since Pleterski’s bankruptcy filing. It includes a court order for Valve Corporation, the developer behind the popular video game platform Steam, to freeze Pleterski’s accounts, preventing him from continuing to trade or settle.

The trustee’s investigation into the world of video game transactions comes in response to claims that Pleterski was in possession of valuable in-game items called Skins (specifically, virtual knives) that players can trade and mine for real money or currency. game.

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The report also recommends that Pleterski’s bankruptcy proceedings be extended for another two years, as well as a permanent ban on holding credit cards and soliciting or marketing investments.

So far, just over $3.35 million in assets have been seized from the more than $40 million allegedly given to Pleterski over two years.

Last week, police announced Pleterski’s arrest. At a news conference announcing criminal charges, police said Pleterski was soliciting investments in February and that he was charged with money laundering and crimes over $5,000.

The moves follow concerns raised by the trustee that Pleterski still appears to lead a lavish lifestyle, despite the bankruptcy. Examples of evidence of this lifestyle include images posted on social media of him wearing a custom-made Spider-Man costume on Halloween and driving a McLaren luxury vehicle in Los Angeles. Given the bankruptcy, the trustee claimed that Pleterski may have used undisclosed assets to cover these expenses.

Aiden PleterskiThe administrator’s report showed that one of those hidden assets was $13,000 in Scene+ points, which he used to pay for hotels and flights to London, Melbourne and Los Angeles in recent months. He also claimed that Pleterski claimed that some of his travel expenses were paid for by a third party.

Pleterski’s attorney did not provide a response to the findings, but said he hopes to provide one in some form as the bankruptcy proceedings continue.

‘Do you want to see something special?’

Thursday’s report offers new insight into Pleterski’s financial dealings in the online gaming world, in which Pleterski was still actively trading in March, according to the report.

The administrator initially began investigating Pleterski’s in-game transactions on July 12, 2023, after he bragged and reviewed an inventory of knives worth hundreds of thousands of dollars on a live stream with an influencer who has more than 7.4 million followers on Instagram named Adin Ross. .

“Do you want to see something special?” Plerterski asked Ross on the live broadcast. “It’s a blue gem karambit, brother.”

“That knife is worth $100,000,” Ross responds in amazement.

Aiden PleterskiThat month, Pleterski transferred $280,000 (approximately $382,000 Canadian) to CS Virtual Trade Ltd, a third-party platform where users buy and sell digital assets held on Steam, according to the documents.

In another transaction with Pleterski’s Scotiabank credit card, $207,000 was spent on a similar platform. During a phone call between the administrator and Pleterski on July 27, 2023, Pleterski claimed that the money transfer had been lost while he was playing.

After Pleterski’s appearance on Ross’s livestream, the manager emailed him asking about the Skins but, during a phone call a couple of weeks later, he claimed they had been fabricated and were fake, the show shows. report.

In an effort to confirm that information, the administrator requested Pleterski’s login information and asked Steam to provide information about his account activity.

In the year since, neither Pleterski nor Steam have complied with those requests, ultimately forcing the administrator to request the information and extend the procedure through a court order, according to the report.