Sunday, 22 February, 2026
Mexican Billionaire Ricardo Salinas Pliego’s $400 Million Bitcoin
Mexican tycoon Ricardo Salinas Pliego is embroiled in a legal battle after a $400 million Bitcoin-backed loan went south. Salinas used his shares in retail giant Grupo Elektra as collateral for the crypto wager, but a subsequent default triggered a massive stock sell-off. The complex financial fallout has led to international litigation and a significant blow to his corporate empire.
Read full story at Money Control