Thomson invested $40 million in Persistence’s XPRT token, which dropped 99% from its peak of $16.59 in May 2021 to just $0.037, amplifying her financial losses.

Richardson asserts she acted under Thomson's instructions without a formal contract and claims she never profited from the trades.

Thomson sued Richardson and the blockchain company Persistence for $25 million, accusing them of fraud and misrepresentation, while Richardson denied profiting from the trades and countersued for defamation.

Thomson's suspicions led her to hire a private investigator, and she has accused her family’s wealth management restrictions, seeking at least $25 million in her lawsuit.

Legal actions began in 2023, with Thomson suing Richardson and Persistence, and Richardson countersuing for defamation, highlighting the serious fallout from the failed investments.

During the 2021 crypto bull market, Richardson executed over 450,000 unauthorized trades across multiple wallets, including a $40 million loss on the XPRT token, which plummeted 99% from its peak.

The case involves a legal dispute between Thomson and Richardson over the failed $80 million crypto investment, which was allegedly based on psychic guidance.

Thomson's lawsuit claims secret arrangements and misrepresentation, while Richardson countersued for $10 million, reflecting a deep personal and financial rift.

Billionaire heiress Taylor Thomson lost over $80 million in cryptocurrency after following psychic advice, which was managed by her former friend Ashley Richardson.

Richardson claims she was manipulated and financially devastated after heavily investing in a crypto token recommended by psychics, with Thomson allegedly encouraging her to invest more, leading to her current struggles including applying for food stamps and working as an Uber driver.

The case underscores the risks of unregulated, informal investment practices and emphasizes the need for legal safeguards for high-net-worth individuals in volatile markets.

Thomson accused Richardson of making risky, unauthorized trades and using her for her wealth, but Richardson denied these claims, asserting Thomson betrayed her.

Thomson, part of the wealthy Thomson Reuters family, invested millions in crypto with Richardson managing over $140 million during the 2021 bull run, but their relationship soured after the crypto crash.