Cryptocurrencies that Cotton managed appeared on rival marketplaces in his own accounts, the report finds. Ernst & Young is overseeing the bankruptcy process for the Quadriga Fintech Solutions Corp. and has reported the Canadian company “lacked financial reporting and operational controls, run primarily by a founder whose actions ultimately led to its collapse, leaving hundreds of customers owed millions in cash and cryptocurrency.” The report also shows Quadriga’s users are owed $74.1 million plus another $140.5 million in cryptocurrency.
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