The Ontario Securities Commission (OSC) also did their own investigation and released the results of their review in June 2020. The OSC report also found that in the first year of operation, Cotten was involved in the majority of trades on Quadriga. So in the end, when customers wanted to withdraw funds, Cotten became dependent on new money coming into the exchange. (Ontario Securities Commission)This image, of cash stacked on Cotten’s kitchen counter at his home in Kelowna, B.C., was part of the evidence collected by the Ontario Securities Commission in its investigation of QuadrigaCX. (Ontario Securities Commission)Creditors who have contacted the RCMP are frustrated by what appears to be a lack of action on the part of the law enforcement agency.

Source: CBC News May 25, 2021 07:52 UTC