Psychic Advice Led to $80M Crypto Loss, Thomson Claims

Psychic Advice Led to $80 Million Crypto Loss, Taylor Thomson Claims

Written by Aaron S.,

Editor-In-Chief

Last Updated: August 25, 2025

Key Takeaways

Taylor Thomson has lost over $80 million in crypto after acting on spiritual advice and letting a friend manage her portfolio;
Ashley Richardson, once Thomson’s close friend, allegedly made hundreds of thousands of trades without written approval;
Legal disputes followed, with Thomson suing over fraud and hidden fees, while Richardson countersued

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Taylor Thomson, part of the family behind Thomson Reuters, has lost over $80 million in cryptocurrency following guidance linked to a psychic and a close friend.

According to an August 25 report from The Wall Street Journal, Thomson’s involvement in crypto deepened after she and Ashley Richardson began consulting a psychic and other spiritual figures.

Over time, Richardson handled Thomson’s digital investments. She was reportedly managing around $140 million across various wallets on Thomson’s behalf.

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When crypto markets fell in 2022, a review by Guidepost Solutions estimated that the portfolio had lost more than $80 million. The firm also accused Richardson of placing hundreds of thousands of trades without proper approval.

Richardson argued that she was following Thomson’s own directions and stated that the large number of trades was necessary to handle tokens that did not trade easily. She also said there was no signed agreement between them and denied making any personal profit.

In 2023, Thomson filed a lawsuit against Richardson and the Persistence project, whose blockchain token XPRT she had invested $40 million into. Thomson’s legal claim stated that Richardson and Persistence misled her and arranged a secret referral payment.

In response, Richardson has filed her own case. She said Thomson falsely accused her of fraud and damaged her reputation by sharing those claims with others.

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