A young Australian crypto trader that sold off roughly $2 billion USD in cryptocurrencies in 2021 is a man aged 25 who operated his platform from his parent’s home in Sydney, reports revealed.
The Australian noted the public filings in an article on Sunday, which document Darren Nguyen’s PO Street Capital and its successes.
According to the documents, Nguyen’s cryptocurrency venture earned around $10.41 million AU by 30 June 2021, filings from the Australian Securities and Investments Commission (ASIC).
It also revealed at the time a total of $2.98 billion AU in crypto trading over a 12-month period, a massive 1,404.12 percent increase from the previous year of $692,182 AU.
It also found that PO Street Capital’s short-term provisions in June 2021 were 4.3 million USD and no debts, with an additional $873,200 in dividends at the same time.
He, his family, including his mother, declined to comment on the business’s activities, including the company’s performance last year.
The successes come amid a major shift in cryptocurrency markets, which saw the massive collapse of FTX in November 2022. Other failing crypto businesses such as Terra/Luna and Voyager also suffered insolvencies the same year.
