Billionaire heiress Taylor Thomson has reportedly misplaced greater than $80 million in digital belongings after following funding steering tied to a psychic.
Key Takeaways:
- Taylor Thomson reportedly misplaced over $80 million in crypto investments managed with steering tied to a psychic.
- Her former pal Ashley Richardson allegedly executed 450,000 trades.
- The dispute has led to lawsuits and countersuits, with Thomson settling with blockchain challenge Persistence.
In line with a Wall Road Journal (WSJ) report revealed Monday, Thomson, a member of the household behind media and monetary large Thomson Reuters, poured thousands and thousands into cryptocurrencies with the help of her former greatest pal, Ashley Richardson.
The 2 girls had allegedly consulted a star psychic and different non secular advisers earlier than Richardson grew to become closely concerned in managing Thomson’s crypto holdings.
Richardson Oversaw $140M in Crypto at Bull Market Peak
On the top of the 2021 bull market, Richardson was stated to supervise greater than $140 million in Thomson’s digital belongings unfold throughout a number of wallets.
However the sharp downturn in crypto markets in mid-2022 devastated the portfolio.
Consulting agency Guidepost Options estimated Thomson’s losses at over $80 million and claimed Richardson executed greater than 450,000 trades with out correct authorization, exposing her to high-risk methods.
Richardson rejected the allegations, arguing she acted underneath Thomson’s path and solely made trades to keep up liquidity in thinly traded tokens.
She emphasised that there was no formal contract between them, solely a verbal settlement, and insisted she by no means profited personally.
“Every little thing I did was based mostly on her directions, as a part of her effort to attenuate losses,” Richardson instructed the WSJ.
The dispute escalated right into a authorized battle in 2023. Thomson filed a lawsuit in opposition to Richardson and Persistence (XPRT), a proof-of-stake blockchain challenge launched in 2021.
She had invested $40 million in its native token, which has since collapsed in worth.
XPRT peaked at $16.59 on Could 15, 2021, in response to CoinGecko, however presently trades at about $0.037 — a drop of 99% from its all-time excessive.
Thomson is in search of $25 million in damages, alleging Richardson and Persistence organized a secret “finder’s price” for Richardson and misrepresented the funding.
A Thomson spokesperson dismissed Richardson’s narrative, saying: “Ms. Richardson has taken her bogus story to the media in an try to extract more cash from Ms. Thomson.”
Richardson has countersued for $10 million, claiming defamation after Thomson allegedly instructed others she had dedicated fraud.
In line with the WSJ, Thomson has since reached a settlement with Persistence, however the case in opposition to Richardson stays ongoing.
Investor Loses $3M in Crypto Phishing Rip-off
As reported, a cryptocurrency investor has fallen sufferer to a phishing rip-off, shedding $3.05 million in Tether (USDT) after unknowingly signing a malicious blockchain transaction.
The loss, flagged by blockchain analytics platform Lookonchain on Wednesday, underscores the rising menace of phishing assaults concentrating on digital asset holders.
The attacker exploited a typical behavior amongst crypto customers: validating solely the primary and previous couple of characters of a pockets tackle whereas ignoring the center.
Crypto buyers misplaced over $2.2 billion to hacks, scams, and breaches within the first half of 2025, pushed largely by pockets compromises and phishing assaults, in response to CertiK’s newest safety report.
Pockets breaches alone prompted $1.7 billion in losses throughout simply 34 incidents, whereas phishing scams accounted for over $410 million throughout 132 assaults.
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