Express

CEO of QuadrigaCX Used Customer Funds to Set Up Fake Crypto Exchange Accounts

May Arjomand

Summary: In a report released on Wednesday, it was found that Gerald Cotten, QuadrigaCX’s late founder and CEO who passed away last December, transferred millions in crypto out of client accounts and into other exchanges. The funds were used for Cotten’s personal lifestyle and trading habits.  Between 2016 and 2018, Cotten transferred 9,450 bitcoin, 387,738 ethereum, ...

In a report released on Wednesday, it was found that Gerald Cotten, QuadrigaCX’s late founder and CEO who passed away last December, transferred millions in crypto out of client accounts and into other exchanges. The funds were used for Cotten’s personal lifestyle and trading habits. 

Between 2016 and 2018, Cotten transferred 9,450 bitcoin, 387,738 ethereum, and 239,020 litecoin out of his exchange’s accounts. 

Author: May Arjomand

Last Update:

Tags: ,,,
Link: CEO of QuadrigaCX Used Customer Funds to Set Up Fake Crypto Exchange Accounts   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 5 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 11 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 14 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 15 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 18 days ago
  • You need to login to comment.