‘Drug-dealing’ football coach sues Bitcoin fund manager over $14M loss

In Australia, a suite of high-profile cryptocurrency investors (including accused drug trafficker and former football coach Mark “Bomber” Thompson) are preparing to take their Bitcoin fund manager to court over $14.2 million (AU$20 million) in losses. Stefanos Papanastasiou (39), founder of what claims to be Australia‘s first online bed retailer, is under fire by a number of disgruntled investors who had been convinced of his power to reduce volatility in the cryptocurrency markets, reports The Age. Under the name Stefan Papas, he reportedly told clients he had spent $355,000 (AU$500,000) to develop a special computer algorithm capable of providing massive…

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