The trading activities were massive – the report detailed that between 2016 and 2018, Cotten transferred 9,450 bitcoin, 387,738 ether (ETH) and 239,020 litecoin (LTC) out of the exchange’s accounts. He had many fake accounts within QuadrigaCX, including one under the name Chris Markay, who was not only an alias but the single biggest user on the platform, QuadrigaCX’s “whale.” The massive deposits Markay seemed to be making on QuadrigaCX were just as fake as he was, and Cotten (as Markay) used these fake funds to buy very real bitcoin from other customers.
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