Heiress Sues Friend for $80M Crypto Loss from Psychic Advice
Billionaire heiress Taylor Thomson has filed a lawsuit against her former friend and crypto manager Ashley Richardson, seeking to recover over $80 million lost in cryptocurrency trades. Between 2021’s bull run and the market downturn in 2022, Thomson entrusted Richardson with $140 million, whose decisions were allegedly influenced by a psychic. The suit alleges unauthorized trades, misrepresentation of risks, and breach of fiduciary duty. Richardson denies wrongdoing, countersuing that Thomson approved all actions and losses stemmed from market volatility. The case underscores the need for clear investment agreements, professional oversight, and due diligence in the volatile crypto market.
Neutral
This legal dispute focuses on a private investment disagreement rather than market fundamentals or regulatory changes, so it is unlikely to directly influence crypto prices or broader market sentiment. Traders may note the cautionary lessons on due diligence and clear agreements, but the lawsuit itself doesn’t affect supply, demand, or technological developments. Similar high-profile legal cases have had minimal impact on crypto valuations, making this news neutral for both short-term trading and long-term strategy.