So claims this Ernst & Young probe report
Gerald Cotten, the late Quadriga CEO, created a string of accounts on his Canadian cryptocurrency exchange, each under an alias and containing bogus dollar balances, according to Ernst & Young auditors. He then used those accounts, it’s claimed, to buy his customers’ cryptocurrency with those digitally conjured dollars that didn’t actually exist, and then moved the ill-gotten Bitcoin and Ethereum to his accounts at other cryptocurrency trading sites.…
Source:: TheRegister