KM Financial Solutions | UPDATE 1-Canadian cryptocurrency firm collapsed due to Ponzi scheme by late founder, regulator says
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UPDATE 1-Canadian cryptocurrency firm collapsed due to Ponzi scheme by late founder, regulator says

UPDATE 1-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.

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