Wife of Craig Wright Apparently Loses $3 Million Worth In Bitcoin (BTC) Due to Futures Trading
- Craig Wright’s wife, Ramona Ang, loses $3 million by gambling with Bitcoin futures.
- Ang claims that the funds in question were made in 2017, and that the platform refused to hand over her profits.
Craig Wright has not had much of a good reputation in the crypto industry lately, with just his attachment to Bitcoin SV being enough to cause multiple exchanges to let it go. Now, in a report from TrustNodes, it looks like his wife, Ramona Ang, has had her own difficulties with Bitcoin Trading as well. According to information from the courts, it appears that Ang has become a victim of Bitcoin’s biggest issue – volatility.
Justice Andrew Baker stated the trading account in question was first opened by Ang with the IG platform, back in the summer of 2016. At the time, she did not use the account much, but it is worth noting that the account was created a month after Wright went on the BBC and stated that he is Satoshi Nakamoto, the creator of Bitcoin. Ang reported worked as Wright’s PA on a part-time basis.
By January the following year, Ang opened an account with a platform called Reliantco. Once the account was blocked and terminated, Ang contended that she lost $3 million. Justice Baker explained that the account was opened as an effort to allow Ange to personally invest funds from the sale of two entities – a home that she formerly held in Australia and the interest she previously held in Demorgan. At the time, the account was used for Bitcoin futures investments, using the UFX platform to do so.
The investments that Ang made occurred between January and May 2017, though she chose to pull most of her funds to use to buy a family home. She also invested in July to August of the same year, because the purchase did not end up going thru. The funds were used to reinvest in the market.
Court documents reveal that Ang intended to increase her $200,000 to $700,000 by the day that her account was due to be terminated, which was August 10th, 2017. Ang stated that he had tried to pull her funds and close the account at the end of August, saying that her total positions should have resulted in a $1.1 million investment for her. Now, she claims that the inability to make this profit is due to Reliantco’s actions. Otherwise, she contends that the value of her withdrawal would be over $3 million now.
The report from TrustNodes states that there are a few issues that arise here, starting with the fact that she was essentially gambling with the hope that Bitcoin futures could be leveraged for her desired income. Furthermore, research indicates that Ang wasn’t actually a homeowner at the time, and neither did Wright.
Wright has been deeply involved in the legal system lately, pursuing action against pretty much every person that says he isn’t Satoshi Nakamoto. In the meantime, Ang has been taking her time in gambling on Bitcoin futures lately, based on funds she earned in fiat currency instead.