QuadrigaCX Co-Founder Used User Deposits for His Own Trading, Created Fake Accounts

Cointelegraph

Published Jun 20, 2019 03:55AM ET

QuadrigaCX Co-Founder Used User Deposits for His Own Trading, Created Fake Accounts

The deceased owner of the now-defunct Canadian crypto exchange QuadrigaCX was allegedly transferring user funds off the exchange and using them as a security for his own margin trading on other platforms.

The news was revealed in the fifth report from court monitor Ernst & Young (EY), filed on June 19 with the Supreme Court of Nova Scotia.

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