Aiden Pleterski, known as the "Crypto King", and Colin Murphy from Canada were arrested and charged with crimes related to fraud and money laundering, allegedly as part of a Ponzi scheme. They are accused of defrauding investors of approximately US$30 million through investments in cryptocurrencies and currencies.

Pleterski, investing just 2% of the funds received, spent at least $16 million on personal needs, including buying luxury cars and renting an $8.4 million home.

Pleterski was released on $100,000 bail, which was signed by his parents. Bail conditions include surrendering your passport, a ban on posting on social media about financial matters and a ban on buying or trading cryptocurrency.