Cryptocurrency traders are planning to press charges against the Australia-based online mattress firm and fund manager Stefanos Papanastasiou regarding the AUD$20 million ($14.2 million) lost, according to the Daily Australian newspaper on March 19th.

Specifically, Papanastasiou is facing a lawsuit by property developer Savvas “Sam” Alexiadis, who claimed to have invested AUD$2.7 million (nearly $2 million) into an algorithm being developed by Papanastasiou to return significant funds via Bitcoin (BTC) and Ethereum (ETH)-based tokens trading.

The Supreme Court of Victoria state has reportedly received the filed complaint, explaining the details of 1,5 million dollars sent directly into Papanastasiou’s personal account. The legal document also provided evidence of an unspecified BTC sum sent by Alexiadis to Papanastasiou’s crypto wallets.

“Sam, don’t get caught up in the details. Leave it to me. Let me know password login for ACX [trading account]. I’ll deal with whatever funds are in there … Eyes on the prize Sam. Understood? Got your back.” – a message from Papanastasiou provided in the complaint.

Papanastasiou was not the only guilty person, as his wife, sister and a mattress supplier in Thomastown has also received AUD$40,000 (over $28,000), AUD$35,000 (nearly $25,000) and $450,000 (almost $320,000) respectively from Alexiadis via bank transfer. Specifically, Papanastasiou’s wife Shalini Ganapathy bought an AUD$5.44 million house after December 2017, following Bitcoin’s peak of $20,000.

Papanastasiou has not been complying with the crypto client’s request of returning the loaned funds and constantly refused to provide information regarding his trading activity.