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Category: Quadriga
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$1.7M in Quadrigacx Bitcoins Move, Court Trustee EY Says Transfers Were ‘Unauthorized’
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$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
The wallets were thought to be inaccessible following the death of the exchange’s founder in 2018, as he had sole responsibility for the wallet’s private keys.
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Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx
The Ontario Securities Commission (OSC) has completed its investigation of what happened to the defunct cryptocurrency exchange Quadrigacx which owes over 76,000 clients a combined $215 million in assets. Supposedly deceased, its founder Gerald Cotten was found to have committed a series of fraud, the regulator details. Quadrigacx Fraud: Exchange Owes 76,000+ Clients $215 Million […]
The post Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx appeared first on Bitcoin News.
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Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed
It has been a year since the founder of now-defunct crypto exchange Quadrigacx supposedly died in India. However, some 76,000 victims are still out of millions of dollars. A court-appointed lawyer representing them has now requested an exhumation and post-mortem autopsy in Canada of the dead body, highlighting the need to know if Gerald Cotten […]
The post Quadrigacx Founder Dead or Alive? Request for Exhumation and Autopsy Filed appeared first on Bitcoin News.
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Cryptocurrency Exchanges Are Cleaning up Their Act
Ask a dozen crypto traders for the reason behind the recent rally and you’ll get a dozen different theories. Bakkt futures, Microsoft building on Bitcoin and Whole Foods accepting crypto have all been cited as fueling the bull market that’s broken out. While these factors have certainly helped, there’s a less documented reason why the […]
The post Cryptocurrency Exchanges Are Cleaning up Their Act appeared first on Bitcoin News.
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Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals
Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors Arrangement Act process due to “potential” conflicts of interest. Also […]
The post Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals appeared first on Bitcoin News.
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Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box
In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to “burning cash.” Also Read: Market Cap: A Flawed Ranking System for […]
The post Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box appeared first on Bitcoin News.
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Judge Appoints 2 Law Firms to Represent Quadrigacx Clients
Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform owes them approximately $190 million. Also read: Hacked NZ Exchange […]
The post Judge Appoints 2 Law Firms to Represent Quadrigacx Clients appeared first on Bitcoin News.
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