Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTAnand SinhaTue, August 11, 2026 at 2:50 AM GMT+2 1 min readRussell Wilson is the billionaire founder of CoinSpot, one of Australia's largest cryptocurrency trading exchanges. Founded in 2013, CoinSpot reported a $270 million net profit in the 2025 financial year.On Aug. 10, a local media outlet reported that he has sued an ex-employee for allegedly stealing around $500,000 from the exchange.Related: Crypto investor found dead outside his apartmentThe court documents filed by CoinSpot's parent company, Casey Block Services, claim that customer support team member Iresh Pawan Perera moved $478,932 out of the company into his personal bank account across 76 transactions in the two years to March.The lawsuit claims Perera converted CoinSpot's digital currency for "his own use by exchanging it" into cash. His job was terminated immediately on March 9 because the alleged misappropriation of funds amounted to "material breaches" of his employment agreement. Perera is yet to file a defence.Trending on TheStreet Roundtable: