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Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says

NEW: The Ontario Securities Commission has published a scathing report calling now-defunct Canadian exchange QuadrigaCX a "Ponzi," and denouncing the practices of founder and CEO Gerald Cotten.

Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones)
Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones)