"'I mean, obviously, he owes a lot of people a lot of money,' Stelzer said.

The $29million may be just the beginning of what Pleterski owes investors, according to attorney Norman Groot, who was hired by some of those scammed by the crypto king.

Groot characterizes Pleterski as having run a ponzi scheme on his clients, with investments made by some clients allegedly used to fake returns for others."

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