More

    Wife of Craig Wright Apparently Loses $3 Million Worth In Bitcoin (BTC) Due to Futures Trading

    Craig Wright is known for his presence in legal documents lately, pursuing actions against all of his naysayers. However, it looks like his wife is getting in deep with the legal system, going after an exchange for the gambled funds that she believes she is entitled to.

    • 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.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Krystle M
    Krystle is an American cryptocurrency blogger that wants to see the future of crypto and blockchain technology evolve. She has been writing about cryptocurrency for about a year, with a special interest in blockchain technology and regulatory measures around the world. While away from writing and learning about the changes in the cryptocurrency industry, she likes to indulge in science fiction novels and further her experience in playing both guitar and piano.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,287FansLike
    2,765FollowersFollow
    4,135FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    PAX Stablecoin Issuer Paxos Settles First US Equity Trade Using Blockchain

    The first blockchain-based settlement of US equities was claimed by Paxos, the New York-regulated cryptocurrency startup, Instinet, the broker dealer owned by Nomura, and...

    Ripple (XRP) Price Analysis (February 20)

    Key Highlights XRP's price strength has once again overpowered by the US dollar market worth. A fiercely breakthrough of a $0.30 mark will portend...

    Sweden's Riksbank Launches Its Central Bank Digital Currency (e-Krona) Testing

    Sweden is getting closer and closer to issuing its own central bank digital currency (CBDC), as it already started testing the e-krona. The pilot program...

    Australia’s National Stock Exchange Is Building A DLT-Based Real-Time Trading Platform

    Both companies listed publicly, NSX Ltd., which is the owner of the National Stock Exchange of Australia, and the financial institution known as iSignthis...

    Brazil Central Bank To Roll Out PIX, A Non-Crypto, QR-Based ‘Near Instant' Payment System

    Brazil’s Central Bank is set to launch a new payment system which it claims will offer near instant fund transfers. The new payment system...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.