An investigation by the Ontario Securities Commission eventually concluded that QuadrigaCX was essentially a Ponzi scheme . Cotten had used customer funds for personal luxuries, including real estate and a private jet, and lost millions in poor trades on other exchanges.
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Following his death, it was revealed that Cotten was the sole holder of the encrypted passwords to the exchange’s "cold wallets," effectively locking away millions of dollars belonging to over 100,000 users. Trust No One The Hunt for the Crypto King 2022.mp4