Aussie crypto billionaire alleges ex associate embezzled millions

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Aussie crypto billionaire alleges ex associate embezzled millions
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Crypto billionaire Ed Craven has accused a former business associate of stealing tens of millions of dollars of company-owned cryptocurrency and “siphoning away assets”.

Local cryptocurrency casino billionaire Ed Craven has accused a former business associate of stealing tens of millions of dollars of company-owned cryptocurrency and “siphoning away assets”.

The motion was in response to an amended complaint filed in the Southern District of New York in January by former associate Christopher Freeman last August, alleging they misled him into not taking part in the formation of Stake and seeking $US400 million in damages.Mr Tehrani and Mr Freeman had been childhood friends, growing up in Connecticut, and the trio had worked together on crypto dice gambling website Primedice almost a decade ago.

Mr Freeman said he was entitled to 20 per cent of Stake.com, and said he raised the idea of a crypto casino with the co-founders in 2016. “All Freeman can allege to back up these sensational claims is that, at first, Tehrani and Craven envisioned building a ‘fiat money casino’ not a cryptocurrency one.

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