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Crypto crime mystery: RT’s Boom Bust on Canadian exchange going bust & suspicious CEO death

Crypto crime mystery: RT’s Boom Bust on Canadian exchange going bust & suspicious CEO death
The case of a major Canadian cryptocurrency exchange, QuadrigaCX, continues to get even stranger after last year’s death of its 30-year-old CEO who effectively froze more than $100 million in customers’ funds.

Boom Bust talks to Christy Ai of CounterPartX as the story took another interesting twist. QuadrigaCX’s court-appointed auditor Ernst & Young, which gained access to CEO Gerald Cotten’s laptop, found that all of the so-called ‘cold’ (not connected to the internet) wallets were empty.

It turned out that Cotten who was the only person with the cryptographic keys started transferring funds – between $140 million and $190 million in cryptocurrencies – out of the cold wallets in the year prior to his death.

For more stories on economy & finance visit RT's business section

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