Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million Instead

Quadriga CX Trustee Raises $30 Million for Reimbursements to Creditors, Claimants Want $171 Million InsteadThe trustee of the now-defunct crypto exchange, Quadriga CX says the sell-off of the platform’s assets raised $30 million. This contrasts with the $171 million in claims that has been filed with the trustee by Quadriga creditors. Consequently, Ernst and Young (EY), the accounting firm mandated with administering Quadriga’s liquidation process, says it will not […]

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Canadian Regulator Accuses Coinsquare of Market Manipulation With Wash Trades Worth 590K BTC

Candian Regulator Accuses Coinsquare of Market Manipulation With 590K BTC Wash TradesThe Ontario Securities Commission has started a proceeding against cryptocurrency exchange Coinsquare and its executives. The Canadian regulator has accused the company of market manipulation, with 840,000 wash trades worth approximately 590,000 bitcoins, representing 90% of the exchange’s reported trading volume. The OSC Takes Action Against Coinsquare The Ontario Securities Commission (OSC) published on Thursday […]

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Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange Quadrigacx

Canadian Regulator Unveils the Truth Behind Collapsed Crypto Exchange QuadrigacxThe 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 […]

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17,000 Quadrigacx Users Seek $307M from the Failed Canadian Crypto Exchange

About 17,000 people have filed claims for refunds from the collapsed Canadian digital asset exchange Quadrigacx. Altogether, the claims, denominated in both cryptocurrency and fiat, amount to nearly $307 million. According to a document released Tuesday by Ernst & Young, the court-appointed monitor, the bulk of the claims submitted stem from bitcoin (BTC) deposits that […]

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