Crypto King video game accounts to be frozen

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An Ontario judge has ordered the developer behind the popular video gaming platform Steam to freeze the accounts of Ontario’s so-called ‘Crypto King,’ to prevent him from trading or liquidating assets.

After a Thursday court hearing, Ontario Superior Court Justice Black signed off on the order to Valve Corporation that was put forward by bankruptcy trustee Grant Thornton. It requires Valve to provide the trustee with all information pertaining to the 25-year-old’s Steam account.

The trustee also asked for a two year extension of Pleterski’s bankruptcy, which began in Aug. 2022, in response to what he described as his “catch me if you can” approach in a court document filed Thursday. In that time, Pleterski has not handed over some of his assets – for instance, a Jacob & Co. Astronomia Casino watch worth over $360,000 when purchased – while paying for months of world travels with undisclosed Scene+ points – creating circumstances classified as “exceptional” by the trustee, documents show.

He cited Pleterski’s “limited capacity” to deal with bankruptcy matters as he faces criminal charges of fraud and money laundering with his first court appearance scheduled next week.

 

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