Quadriga Mystery Deepens as Auditors Discover Cold Wallets to Be Empty

The investigation into the failure of QuadrigaCX continues to reveal evidence of deception and mismanagement by the exchange’s operators. Ernst & Young, the court ordered auditor of Quadriga’s crypto holdings, has announced that cold wallets, in which most of the exchange’s deposits were presumed to be held, are empty. Also, the accounting firm has reported that Quadriga was using customer funds to trade crypto on its own platform and did not keep proper records or file any