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Canadian cryptocurrency firm collapsed due to Ponzi scheme by late founder, regulator says

Last year's collapse of Canadian cryptocurrency trading platform Quadriga CX was due to a Ponzi scheme operated by founder Gerald Cotten, who died suddenly in December 2018, the country's biggest securities regulator said on Thursday. [Source]

Publication Date:

Origin: reuters.com

Category: technologyNews

Topics: regulator, founder, scheme, Ponzi, cryptocurrency, Canadian, securities, biggest, country's, December, suddenly, Cotten, Gerald, operated, Quadriga, platform, trading, collapse, year's, collapsed

Source: http://feeds.reuters.com/~r/reuters/technologyNews/~3/Td8p9RwuzyI/canadian-cryptocurrency-firm-collapsed-due-to-ponzi-scheme-by-late-founder-regulator-says-idUSKBN23I3AF