Aiden Pleterski, the self-described “Crypto King“, and his company AP Private Equity Limited were petitioned into bankruptcy on August 9, 2022 on application by certain of their creditors. David Gadsden, Michael Nowina and Ben Sakamoto at Baker McKenzie act for the creditors who brought the bankruptcy applications.
The bankrupts claimed to have operated an investment business in which, among other things, investor monies were invested into cryptocurrency and foreign exchange positions. Grant Thornton is the bankruptcy trustee and is now in the process of realizing on the assets of the bankrupts, 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.