Quadriga fiasco continues:
https://beincrypto.com/latest-report...of-wrongdoing/
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In a recently released report, Ernst & Young posit that the funds the company held on behalf of its users were being used for a variety of purposes that were not just limited to the exchange operations. Cotton is suspected of transferring 9,450 BTC, 387,738 ETH and 239,020 LTC out of Quadriga — some of which was reportedly used to engage in margin trading on other exchange platforms.
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Though it remains unclear whether this was an elaborate exit scam in mid-action or a long-running Ponzi-scheme ultimately exposed by an untimely death, one thing remains certain — tens of millions of dollars are missing.
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