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CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. Instead of segregating client assets from its own operating funds, Quadriga pooled all funds together and used client assets for its own purposes. In this way Cotten could have stowed away a fortune in foreign bank accounts in preparation for a grand exit.