Famous Ripple Cryptocurrency Investor Matthew Mellon dies aged 54

Matthew Mellon, cryptocurrency investor and heir to one of the wealthiest banking assets, died before entering a rehab center in Mexico at the age of 54, according to multiple sources. His death was later confirmed by his own Cousin Peter Stephaich, who refused to give details.

Mellon said he would check into rehab in 2016 shortly after announcing that he and his second wife were getting a divorce. That same year, he admitted spending $ 100,000 a month on his addiction to OxyContin. Mellon claims he was taking 80 tablets a day when he checked into the Passages treatment center in Malibu, California.

“[Using that much] is the death zone, ”Mellon said to Page Six at the time.

Mellon, et al former chairman of the New York Republican Party Finance Committee, said he became addicted to a surfing injury when doctors prescribed OxyCotin “like they were smarties”.

Mellon was descended from two powerful banking houses. His father founded Mellon Bank, now part of BNY Mellon, while on his mother’s side he was related to Anthony Joseph Drexel, the co-founder of Drexel Burnham Lambert, the now defunct bank known for groundbreaking junk bonds. Mellon inherited 13 trust funds starting with a $ 25 million allowance when he was 21 years old.

The prominent man has made his own fortune with cryptocurrencies in recent years, investing in Ripple and its token XPR. According to Bitcoin, Ripple is the third largest cryptocurrency after Bitcoin and Etherium CoinMarketCap.

The cryptocurrency was quoted in a statement from a family representative.

“Matthew Mellon, 54, died suddenly in Cancun, Mexico, where he was attending a drug rehab facility. Mellon made his fortune in cryptocurrency, turning a $ 2 million investment into $ 1 billion, ”the statement said. “He is survived by his three children, Force, Olympia and Minty. The family asks that their privacy be respected during this very painful time. “

Mellon said his family, who thought he was “insane” because of his drug addiction, tried to stop him from investing in cryptocurrency. He did it anyway, putting millions in Ripple, which he believed was one of the few digital coins that tried to work within the existing banking systems. According to a Forbes profile of the richest people in cryptocurrency, Mellow has reportedly made nearly $ 1 billion from the success of Ripple.

“Crypto is scary and dark. It’s anti-America, ”Mellon told Forbes earlier this year. “I’m pro-America, pro-business, and pro-bank. That’s why I went with Ripple. It’s a billion dollars practically free. I actually deserved it because I was the only one who was ready to raise his hand. “

Details of his death have not yet been confirmed.

Updated on April 18, 2018, 3:25 p.m .: A Clear Sky Recovery spokesman made a statement to the Daily Dot claiming Mellon died prior to scheduled check-in at his hotel’s rehab center specializing in ibogaine treatment.

“Matthew Mellon arrived in Cancun Mexico with his private entourage on Sunday, April 15, 2018. He arrived on a private plane and checked into his hotel in Cancun Mexico.

“Mr. Mellon was scheduled to check-in at Clear Sky Recovery on Monday, April 16, 2018. We received a message that he had died at his hotel on the morning of April 16, prior to his scheduled check-in. We have no further comment on this unfortunate situation. “

* First publication: April 17, 2018, 6:00 p.m. CDT

Phillip Tracy

Phillip Tracy is a former technology editor for the Daily Dot. He is an expert on smartphones, social media trends and gadgets. He previously reported on IoT and telecommunications for RCR Wireless News and contributed to NewBay Media magazine. Now he writes for the laptop magazine.

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