Thomson Reuters Heiress Loses Millions in Psychic-Linked Crypto Scandal
Wealth meets the otherworldly—and the results prove devastating.
The Crypto Conundrum
Another high-profile crypto scheme collapses, leaving fortunes in digital dust. This time, the victim isn't your average retail investor—it's an heiress to the Thomson Reuters empire, who reportedly lost millions after entrusting assets to a psychic-advisor hybrid operation.
Psychic Finance—Really?
The scheme allegedly promised supernatural returns through cryptocurrency investments, blending financial advice with spiritual guidance. Because when traditional analysis fails, why not consult the stars?
Active verbs drive the debacle: funds vanish, regulators investigate, headlines erupt. No passive voice here—just pure, unadulterated financial carnage.
Lessons in liquidity and mysticism.
Another reminder that in crypto, sometimes the only thing getting mooned is your bank account. Even old money can fall for new tricks—especially when psychics enter the chat.
Richardson Oversaw $140M in Crypto at Bull Market Peak
At the height of the 2021 bull market, Richardson was said to oversee more than $140 million in Thomson’s digital assets spread across multiple wallets.
But the sharp downturn in crypto markets in mid-2022 devastated the portfolio.
Consulting firm Guidepost Solutions estimated Thomson’s losses at over $80 million and claimed Richardson executed more than 450,000 trades without proper authorization, exposing her to high-risk strategies.
Richardson rejected the allegations, arguing she acted under Thomson’s direction and only made trades to maintain liquidity in thinly traded tokens.
She emphasized that there was no formal contract between them, only a verbal agreement, and insisted she never profited personally.
“Everything I did was based on her instructions, as part of her effort to minimize losses,” Richardson told the WSJ.
The dispute escalated into a legal battle in 2023. Thomson filed a lawsuit against Richardson and Persistence (XPRT), a proof-of-stake blockchain project launched in 2021.
She had invested $40 million in its native token, which has since collapsed in value.
XPRT peaked at $16.59 on May 15, 2021, according to CoinGecko, but currently trades at about $0.037 — a drop of 99% from its all-time high.
Thomson is seeking $25 million in damages, alleging Richardson and Persistence arranged a secret “finder’s fee” for Richardson and misrepresented the investment.
A Thomson spokesperson dismissed Richardson’s narrative, saying: “Ms. Richardson has taken her bogus story to the media in an attempt to extract more money from Ms. Thomson.”
Richardson has countersued for $10 million, claiming defamation after Thomson allegedly told others she had committed fraud.
According to the WSJ, Thomson has since reached a settlement with Persistence, but the case against Richardson remains ongoing.
Investor Loses $3M in Crypto Phishing Scam
As reported, a cryptocurrency investor has fallen victim to a phishing scam, losing $3.05 million in Tether (USDT) after unknowingly signing a malicious blockchain transaction.
The loss, flagged by blockchain analytics platform Lookonchain on Wednesday, underscores the rising threat of phishing attacks targeting digital asset holders.
The attacker exploited a common habit among crypto users: validating only the first and last few characters of a wallet address while ignoring the middle.
Crypto investors lost over $2.2 billion to hacks, scams, and breaches in the first half of 2025, driven largely by wallet compromises and phishing attacks, according to CertiK’s latest security report.
Wallet breaches alone caused $1.7 billion in losses across just 34 incidents, while phishing scams accounted for over $410 million across 132 attacks.
