Aiden Pleterski, the selfproclaimed 'crypto king' from Whitby, Ont., has been arrested in Durham Region after allegedly running a Ponzi scheme worth more than $40 million.

Court documents obtained by CTV News Toronto show that a warrant was issued for Pleterski on May 2. He was charged with fraud over $5,000 and money laundering on Tuesday.

Pleterski was released on a $100,000 bail with his parents signed as sureties and an order that he stay with them in Whitby, Ont.

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