Thomson Reuters Heiress Loses Millions on Cryptocurrency Investments
Date: 2025-08-26 Author: Oliver Abernathy Categories: BUSINESS
Thomson Reuters media giant heiress Taylor Thomson found herself at the center of a high-profile case after her fortune shrank by more than $80 million due to unsuccessful cryptocurrency investments. Her close friend Ashley Richardson was in charge of asset management, with whom Thomson later had a serious conflict.
The story began back in 2021, when, amid the market growth, Richardson gained control over Thomson's crypto portfolio, the value of which at that time exceeded $140 million. The decision to invest was made in an unusual way - before that, the girls consulted with psychics. At first, this seemed like a successful strategy, but already in 2022, the market collapse turned into a disaster. According to Guidepost Solutions, by mid-year, losses amounted to over $80 million.
Thomson's lawyers claim that Richardson conducted more than 450,000 transactions without having the official right to manage the funds. However, Richardson herself stated that she acted solely on behalf of the owner of the capital. The contract between them was never signed, and everything was based only on oral agreements.
In 2023, the situation escalated into a legal confrontation. Thomson filed a lawsuit against Richardson and the Persistence company, in whose token (XPRT) her friend invested $40 million. Almost the entire investment depreciated, and Thomson demanded compensation in the amount of $25 million, stating that the actions of Richardson and Persistence were collusive.
Richardson, in turn, did not stand aside and filed a counterclaim for $10 million, accusing Thomson of slander. According to the WSJ, part of the conflict was settled: Thomson reached an agreement with Persistence. However, the legal proceedings with Richardson are ongoing and it remains an open question who will bear the ultimate responsibility for the investment collapse.
The story with Taylor Thomson clearly demonstrates how the combination of a trusting but informal relationship and the risky cryptocurrency market can result in huge losses. Millions of investments, managed without a clear legal framework, turned into a protracted legal dispute, with both parties accusing each other of violations and unfair actions.
Today, the fate of the lawsuits remains uncertain, but it is already clear that even large fortunes are not immune from mistakes if decisions are made under the influence of questionable advice and without reliable legal guarantees.
