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创始人意外身亡被曝2.15亿美元财务漏洞,加拿大最大的交易所竟是“庞氏骗局”

2020-6-12 13:58

 

概述

  • 安大略证券交易委员会(Ontario SEC,OSC)在对加拿大QuadrigaCX交易所2019年破产的事后分析报告中,将其称为“庞氏骗局”。
  • QuadrigaCX一度是加拿大最大的交易所,直到其创始人的去世暴露出2.15亿美元的财务漏洞。
  • Cotten在该平台上伪造的交易量高达1.15亿美元。

今日,OSC公布了一份关于QuadrigaCX的报告,报告印证了许多人长期以来的怀疑:现已倒闭的这家加拿大密码交易所是一家欺诈企业。

报告称:

“加密资产交易平台QuadrigaCX的垮台是由Quadriga的联合创始人兼首席执行官Gerald Cotten犯下的欺诈行为造成的。”
该交易所的“运作模式像个庞氏骗局”,OSC指控道。
“在公司的最后几个月里,Quadriga几乎没有剩下任何资产,它像旋转门一样——新客户的存款立即被转到别处,为其他客户的取款提供资金。”
去年年初,QuadrigaCX因其首席执行官神秘去世而陷入争议。在Gerald Cotton去世以后,交易所通知用户,Cotton把交易所的钱包密码带进了坟墓,导致交易所无力偿还2.15亿美元,资不抵债。

如果这个通知是为了减轻疑虑并向用户提供满意的解释,那么它绝对失败了。一轮又一轮的法庭诉讼、媒体报道和自发性调查慢慢描绘出一幅可能是骗局的画面。

如今,加拿大证券监管机构证实了许多人的猜测是真的;Cotton在Quadriga上创建了多个小号来伪造交易量,与其他用户使用不存在的资金进行交易,然后将这些资金撤回到其他交易所交易或套现。

根据OSC的报告,他是一个糟糕的交易者。OSC估计,他在外部交易所中损失了约2800万美元。该公司还有1.15亿美元的收入是Cotton“变出来的”,他在多个账户上记入虚假余额,与平台上的用户进行交易,提取他们存下的真实资金。OSC说,还有200万美元被Cotton作为他自己的奢侈支出收入囊中,另外4600万美元在法庭程序中被没收,另有2300万至2400万美元下落不明。

2014年,即QuadrigaCX运营的第一年时间里,Cotten伪造的交易量从75%到100%不等。这种做法还在继续,因为Cotten从这些交易中窃取了所有资金,并存入其他交易所(或在其他交易所亏完了)。

该报告总结称,2018年的熊市底部加速了这家交易所的灭亡,因为比特币在这段时间内持续走低(加上谨慎的持有者纷纷抛售引发的挤兑)给该交易所本已糟糕的财务状况带来了压力。

从好的方面来看,这份报告确保了Quadriga的行为和加密货币市场是割裂的。这个安大略省监管机构表示:

“在Quadriga中发现的不当行为仅限于Quadriga,不应被理解为加密资产平台行业的整体行为。”

 

 

In brief

  • The Ontario SEC has labelled QuadrigaCX a “ponzi scheme” in its post-mortem report on the Canadian exchange’s spectacular failure in 2019.
  • QuadrigaCX was at one time the largest exchange in Canada, until the death of its founder exposed a $215 million dollar hole in its finances.
  • Cotten faked as much as $115 million in volume on the platform.

The Ontario Securities Commission today made public a report on QuadrigaCX that concludes what many have long suspected: the defunct Canadian crypto exchange was a fraudulent enterprise.

 

“The downfall of crypto-asset trading platform QuadrigaCX resulted from a fraud committed by Quadriga’s co-founder and CEO Gerald Cotten,” the report stated. The exchange “operated like a Ponzi scheme,” charged the OSC.

 

“In its final months, Quadriga had almost no assets left and was operating like a revolving door—new client deposits were immediately re-routed to fund other clients’ withdrawals,” it said.

 

He was a horrible trader, too, according to the OSC report. The Commission estimated that he lost roughly $28 million on external exchanges. Another $115 million of the company’s revenue was conjured by Cotten, as he credited various alias accounts with fake balances to trade against users on the platform to extract the real funds they had deposited. As for the rest, $2 million was pocketed by Cotten for his own luxury expenses, while another $46 million has been seized in court proceedings and another $23-24 million is unaccounted for, said the Commission.

Cotten was faking anywhere from 75% to 100% of QuadrigaCX volume in 2014, its first full year in operation. This practice continued as Cotten took whatever funds he filched from these trades and watched them (or lost them) on other exchanges. 

The 2018 bear market bottom accelerated the exchange’s demise, the report concluded, as the low prices Bitcoin sustained in this time (coupled with a flurry of withdrawals as wary holders moved to sell) put pressure on the exchange’s already rotten finances.

On the bright side, the Commission’s report made sure to separate Quadriga from the rest of the crypto market. “The misconduct uncovered in relation to Quadriga is limited to Quadriga,” said the Ontario regulator, “and should not be understood as applying to the crypto asset platform industry as a whole.”

 

 

 

 

原作者: Colin Harper 来自: decrypt