On August 25, news broke that Taylor Thomson, the heir to the Thomson Reuters media empire, lost over 80 million dollars after investing in cryptocurrency based on advice from a fortune teller. It is reported that Thomson made the investment with the assistance of his former close friend Ashley Richardson, who managed a cryptocurrency asset portfolio worth 140 million dollars for Thomson during the bull market in 2021. This included a 40 million dollar investment in the native token XPRT of the proof-of-stake blockchain project Persistence, which has since dropped 99% from its historical high. Thomson has filed a 25 million dollar lawsuit against Richardson and Persistence, accusing them of secret commission arrangements and false statements. Thomson has reached a settlement with Persistence, but the lawsuit against Richardson is still ongoing.