Maybe we are NGMI after all?

If anyone’s ever looked at a kid who’s making millions of dollars and thought, “Damn, what’s his secret?” How do they do so well? the secret could be much darker than you think. This is certainly the case with “Crypto-King” Aiden Pleterski, 23, a resident of Whitby, Ontario. He was accused of snatching millions of dollars in a supposed Ponzi scheme and saw a fleet of supercars, including a Lamborghini and two McLarens, seized by creditors.

To the Moon

The story goes that Aiden, always an entrepreneurial spirit, entered the world of stocks and crypto when he was around 16 years old. Aiden discovered cryptocurrency as a way to buy and sell items in a video game, at least according to his self-published article. in Forbes.mc.

At the time, Bitcoin was trading at the very low price of a few hundred dollars, and only niche communities knew of its existence. It’s more than plausible that Aiden got in early by buying and selling his video game wares and managed to hold on to enough that by the time he left college at age 21 (when Bitcoin was above $25,000 ), he had a nice little wallet in his name.

What happened next is where things get murky. Aiden somehow leveraged this early success to receive investments of over $35,000,000 to trade cryptos. But how did he do it? Some of its investors, including Diana Moore, 65, a resident of Clarington, Ont. She had met Aiden through an acquaintance and ended up investing $60,000 of her retirement money with him. However, it is unlikely that all of his investors knew him personally, and it is likely that they were first introduced to the young Canadian prodigy through one of the many “articles” documenting his great success.

Stop the presses

One of the ways Aiden gained notoriety is through a series of articles that had been written about him on high-profile websites. We’ve already mentioned Forbes.mc, Monaco’s top-level domain, as well as other sites like far-right media outlet The Daily Caller and tech sites like TechTimes.com. While this may seem like a news/technical site picking up a general interest story, the cracks start to show when you take a closer look.

The main flaw is that each of these articles is exactly the same, right down to spelling and grammatical errors. This certainly sounds like an article Aiden wrote about himself and sites paid to post it. What makes matters worse for him is that his prose seems to show a lack of fundamental understanding of cryptography, saying things like, “Bitcoin is a ‘finite’ form of currency, in that its true value never changes. never.” The “true value” of any asset is only what people are willing to pay for it, and anyone who has been in the crypto space knows exactly how many ups and downs there are!

It reminds you of those spam emails sent by the deposed king of Nigeria asking you to “send some money to his account” so he can pay you millions when he returns to the throne. Anyone with half a brain can realize this is a scam, and that’s the point. They deliberately target people who don’t know better and will therefore be more vulnerable and susceptible to scams. You have to wonder if something similar was going on with these articles or if Aiden just never learned to write properly!

What further strengthens the assumption that these were paid placements written by Aiden is that all of the articles are written by some variation of “Staff Writer”. While this isn’t uncommon for large organizations, it doesn’t scream “big scoop”; it rather gives the appearance of an obligation. Compare that to PIOnline’s article on Ryan Israel’s promotion to CIO of Pershing Square; there is in fact the name of a journalist on the article! Most of the time, these coins were bought and paid for, which most readers won’t know from reading.

Whatever you thought of the articles, they certainly seemed to work! Aiden has managed to accumulate over $35 million in investments for his company, AP Private Equity Limited, to trade with. However, as you can imagine, things haven’t gone well for the young Canadian, which is why creditors are making visits to seize his $3 million supercar collection. Aiden reportedly told his creditors that he lost most of the money given to him “in a series of margin calls and bad trades”. While creditors have not seen those receipts, Aiden has repeatedly posted other receipts on his now barren Instagram.