icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm
6 Mar, 2019 15:00

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

Podcasts
0:00
23:13
0:00
25:0