Crypto Crime Mystery: Canadian Exchange Going Bust & Suspicious CEO Death

Corruption is Everywhere - Certainly in Cryptocurrencies, Even in Canada

© Global Look Press / Michael Weber

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.

RT's 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.

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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.

So, is he really dead? Will he turn up on Blacklist? It certainly sounds like he deserves to be dead. So, now, who's got the money? Or is it all lost and Cotten suicided? Personally, I think cryptocurrencies should be illegal.