Craig Wright’s wife claims she has lost $3 million in BTC trading

07 May, 2019
by Joeri Cant
News
Craig Wright’s wife claims she has lost $3 million in BTC trading

Craig Wright’s wife, Ramona Ang, took to the High Court of England, where she claims to have lost $3 million after her account was blocked and terminated by Reliantco, a Cypress-based investment firm.

The wife of Craig Wright (or Faketoshi, as he is known within the crypto community), Ramona Ang, claims she has lost $3 million after her UFX account was blocked and terminated by Reliantco, a Cypress-based investment firm.

Justice Andrew Baker stated that Ms. Ang opened her UFX account with Reliantco in January 2017.

Ms. Ang apparently opened this account to invest personal funds available to her for investment from the proceeds of the sale of their former family home in Australia.

'She used her account to invest in Bitcoin futures through the online UFX platform essentially in two periods. Firstly, she invested between January 2017 and May 2017, before withdrawing the majority of her funds (including accrued gains) to put towards the purchase of a family home. Secondly, she invested between July and August 2017 after the property purchase did not go through and she decided to reinvest', the judge said.

'Stated very broadly, the net result of Ms. Ang's activity through her UFX account was to turn $200,000 into $700,000 by the date on which Reliantco purported to terminate the account, 10 August 2017. By the end of August 2017, when Ms Ang says she tried to close the account and withdraw her funds (including investment gains), she claims her positions should have returned $1.1m to her.'

Ms. Ang goes on to claim that Reliantco prevented her from turning that US$1.1m into what would have been $2.5m by the time she commenced these proceedings and over $3 million today.

Apparently, Wright's wife, invested in Bitcoin with the deposit made in fiat earned from selling their family home, which is a bizarre situation, if you consider that Craig Wright claims he owns over 1 million Bitcoins, worth close to $6 billion ...

The Wright family seem to be a true conundrum and apparently enjoy seeing the insides of the courts.

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