Thomson Reuters Heiress Trusts Fortune Teller's Advice to Invest in Cryptocurrency, Loses Over $80 Million in 2022 Bear Market Crash
BlockBeats News, August 25th, according to The Wall Street Journal report, Taylor Thomson, heir to Thomson Reuters, invested in cryptocurrency after following the investment advice of a psychic medium, resulting in a loss of over 80 million US dollars.
Reportedly, Taylor is a member of the Thomson family and collaborated with her former best friend Ashley Richardson to invest in cryptocurrency. After consulting with a celebrity psychic medium and other spiritual advisors, Taylor became deeply involved in cryptocurrency investment. During the bull market of 2021, best friend Ashley Richardson managed over 140 million US dollars of cryptocurrency assets for Taylor. However, the mid-2022 cryptocurrency market downturn had a massive impact on the investment portfolio, with consulting firm Guidepost Solutions estimating Taylor's losses to exceed 80 million US dollars. The company claims that Ashley executed over 450,000 trades without proper authorization, exposing Taylor to risks.
Best friend Ashley denied these allegations, stating that she conducted the trades at Taylor's direction. She described these trades as necessary for managing liquidity. Ashley also mentioned that there was no formal contract between her and Taylor, and they operated solely based on verbal agreements, claiming that she did not profit from it. This dispute has escalated into a legal battle.
BlockBeats Note: Thomson Reuters is a Canadian-based multinational media conglomerate formed by the acquisition of the UK company Reuters Group by Thomson Corporation in April 2008.
You may also like
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.
Oracle: The Second Battlefield Behind the Prediction Market War
a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic
Why Private Credit Became the First True Bridge from TradFi to DeFi
Senior cryptocurrency investor: Blockchain is showing a siphoning effect on capital
When traditional crypto derivatives start to subtract: Insights from Hyper Trade's products
My view on blockchain has changed
Will AI Agents use bank cards? Why can't Agentic Payment avoid stablecoins and blockchain?
Deconstructing 80 mainstream payment institutions and wallets worldwide
The MiCA Fast Track for Cryptocurrency Licenses: Why OKX and BVNK Choose Malta
a16z Crypto: Stablecoins are rebuilding the global financial infrastructure
ENI's RWA ambition: to create an enterprise-level BaaS platform that allows Web2 institutions to "go beyond just asset on-chain."
Morning Report | a16z releases global financial new stack report; Websea's withdrawal channel suspected of running away; Strategy purchased 3,273 bitcoins last week
The most Crypto group of people is becoming the least Crypto
MSTR STRC In-depth Study: The BTC Financing Flywheel Behind the 11.5% Yield
Revisiting RWA: Nearly 50,000 people's first on-chain transaction was not Bitcoin, but stock indices and crude oil
Altcoin Price Outlook 2026: The Rotation Is Coming — Just Not the Way You Think
Bitcoin dominance at 58%, Fear & Greed at 39. If you think altcoin season is dead, you're reading the wrong signals. Here's what the data actually says about what comes next.
Oracle: The Second Battlefield Behind the Prediction Market War
a16z's key bet: Kalshi's weekly trading volume approaches $3 billion, transitioning from "prediction games" to financial infrastructure, the market begins to price "uncertainty."
Morning Report | Galaxy Digital announces Q1 2026 financial report; Liquid completes $18 million Series A financing; Polymarket plans to bring major exchanges to the U.S
From a banned economist to the new CEO of Xinhua: Fu Peng has figured out the second half of traffic
