BlockBeats News, on August 25, according to the Wall Street Journal, Taylor Thomson, heir to Thomson Reuters, lost over $80 million after following investment advice from a medium (fortune teller) regarding cryptocurrency assets.
It is reported that Taylor is a member of the Reuters family, and she collaborated with her former best friend, Ashley Richardson, to invest in cryptocurrency assets. After consulting a celebrity medium and other spiritual advisors, Taylor became deeply involved in crypto investing. During the bull market of 2021, her best friend Ashley Richardson managed over $140 million in cryptocurrency assets for Taylor. However, the mid-2022 cryptocurrency downturn had a significant impact on that portfolio, with consulting firm Guidepost Solutions estimating Taylor's losses to exceed $80 million. The firm claims that Ashley executed over 450,000 trades without proper authorization, putting Taylor at risk.
Best friend Ashley denied these allegations, stating that she conducted trades at Taylor's direction. She claimed these trades were intended to manage liquidity. Ashley also stated that there was no formal contract between her and Taylor, and they operated solely on a verbal agreement, claiming she did not profit from it. This controversy has evolved into a legal dispute.