It's been reported that a man from Canada, who referred to himself as the 'crypto king', was purportedly abducted and subjected to torture. This allegedly occurred after accusations that he cheated investors out of millions of dollars to finance the lavish lifestyle he flaunted on social media.

As per a legal claim, Aiden Pleterski, who is 23 years old, is currently in the process of filing for bankruptcy. Meanwhile, authorities are trying to recuperate the $29 million he is accused of duping from investors.

Thus far, a mere $1.6 million has been retrieved, and it's been reported that Pleterski has squandered most of the millions on indulgences such as a private jet, opulent cars, and extravagant holidays.

Following this, Pleterski's father, Adam Peters, has spoken up, claiming that his son was seized in the middle of the night in December 2022.

CTV News Toronto has reviewed court transcripts of interviews with Peters and Pleterski's landlord, which shed light on further specifics regarding the abduction.

Peters stated that he was contacted and requested to provide a ransom sum of $3 million CAD to secure his son's release. He further elaborated that Pleterski was transported throughout Ontario and subjected to physical assault and torture.

"He was taken. They basically held him for approximately three days, drove him around different, various parts of southern Ontario, beat him, tortured him, allowed him to make specific phone calls to specific people only," Peters testified in a courtroom in December.

"I was not one of those people that he was allowed to contact."

Reportedly, Pleterski was released a few days after being abducted but was warned to procure the money expeditiously. His landlord later recounted receiving a phone call from him, pleading for assistance in paying the ransom. The landlord replied, "There's absolutely nothing that I can do."

As of now, no perpetrators have been identified, and Toronto law enforcement officials have not disclosed any details regarding a potential suspect or apprehension.

Toronto police have not disclosed any information regarding the possible abductor or arrest, and no suspects have been identified thus far.

Rob Stelzer, the trustee in charge of the report, informed CTV that he had communicated with Toronto law enforcement officials about the abduction in December.

"I mean, obviously, he owes a lot of people a lot of money," Stelzer pointed out.

According to Norman Groot, an attorney retained by certain defrauded investors, the sum of $29 million may be merely the initial amount owed by Pleterski. Groot asserts that the 23-year-old was running a Ponzi scheme on his clients.

Court records reveal that Pleterski led investors to believe he would grow the worth of their investments, but in reality, over 98 percent of the money he amassed was never invested.

Pleterski exhibited his collection of extravagant vehicles on his Instagram Stories and Highlights, as well as sharing footage of private jet journeys to exclusive destinations. His social media depicted him living lavishly on luxury yachts, savoring expensive wine and oysters, and securing front-row tickets to major concerts.

Reportedly, Pleterski owned a minimum of ten distinct sports cars, which emphasized his ostentatious way of life.

CBC News reported that Pleterski's lawyers have yet to make a statement regarding the alleged kidnapping.