RATE Group | Controversial Bitcoin trader gutted Aussie star’s $5.4m home
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Controversial Bitcoin trader gutted Aussie star’s $5.4m home

22 Aug Controversial Bitcoin trader gutted Aussie star’s $5.4m home

Posted at 05:08h in Bitcoin News by

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An Australian radio star became an unwitting victim of the Bitcoin price crash, when an controversial trader gutted her $5.4 million home but couldn’t afford to pay for it.

High profile Australian radio and TV personality Chrissie Swan was inadvertently caught up in her own crypto winter, when a controversial trader bought her South Melbourne property, began to renovate it, but was forced to default on the sale after the Bitcoin price crashed.

The Nova 100 and Channel Ten star’s nightmare began when she sold her Surrey Road, South Yarra home in December 2017 for $5.4 million to cryptocurrency trader Stefan Papas – also known as Stefanos Papanastasiou.

Like the rest of the crypto market, Papas was riding high – on paper – at the time, with the Bitcoin price hitting an all-time high of US$20,000.

Negotiated delay

The whopping sale price allowed Papas to negotiate a delayed settlement, allowing him to rent the home before eventually exchanging contracts.

Before…

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