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QuadrigaCX

Hodler’s Digest, June 24–30: Top Stories, Price Movements, Quotes and FUD of the Week

Coming every Sunday, the Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions, and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin falls by $1,400 after crash of major crypto …

Hodler’s Digest, June 24–30: Top Stories, Price Movements, Quotes and FUD of the Week Read More »

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QuadrigaCX CEO Set Up Fake Crypto Exchange Accounts With Customer Funds

QuadrigaCX’s late founder and CEO used customers’ funds to trade for his own account on other cryptocurrency exchanges, the Canadian firm’s bankruptcy trustee said. In a bombshell 70-page report released Wednesday, Ernst & Young claimed that Gerald Cotten, who apparently died last December, transferred millions of dollars in crypto out of customer accounts and into …

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US Federal Bureau of Investigation Calls for QuadrigaCX Users to Provide Information

The United States Federal Bureau of Investigation (FBI) called for former users of the QuadrigaCX cryptocurrency exchange to provide information in an official announcement published on June 3. Earlier this year, QuadrigaCX had filed for creditor protection after the unexpected death of its founder left more than $145 million in funds apparently inaccessible. The FBI …

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The FBI Is Looking for QuadrigaCX Victims

Multiple criminal investigative agencies within the U.S. are looking into the circumstances of the now-defunct Canadian crypto exchange QuadrigaCX. According to a press release published Monday, the FBI, the Internal Revenue Service’s Criminal Investigation division (IRS-CI), the U.S. Attorney General’s office for the District of Columbia and the Department of Justice’s Computer Crime and Intellectual …

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New Ernst & Young Report Reveals Assets and Debts of Now-Defunct QuadrigaCX

A new report from Big Four audit firm Ernst & Young (EY) outlines the assets and debts of  major Canadian crypto exchange QuadrigaCX and its subsidiaries. The report was released on EY site on May 9. EY — a monitor to the creditor proceedings of now-defunct QuadrigaCX — has published a trustee’s preliminary report revealing …

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Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week NYT Reporter: Facebook Seeking $1 Billion in Venture Capital for Crypto Project According to a tweet by New York Times (NYT) tech reporter Nathaniel Popper, Facebook is reportedly looking to various venture capital firms to develop its digital token that has been previously reported on. Popper, citing unnamed sources familiar with …

Hodler’s Digest, April 8–14: Top Stories, Price Movements, Quotes and FUD of the Week Read More »

Canadian Crypto Exchange QuadrigaCX Officially Declared Bankrupt

Canada’s major cryptocurrency exchange QuadrigaCX has been officially declared bankrupt, local media outlet CBC reported on April 8. Quadriga’s bankruptcy was reportedly approved today by Nova Scotia Supreme Court Justice Michael Wood, and follows the court monitor Ernst & Young’s (EY) recommendation that it should be declared bankrupt earlier this month. EY’s legal team then …

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Hodler’s Digest, April 1–7: Top Stories, Price Movements, Quotes and FUD of the Week

Top Stories This Week PayPal Invests in Digital Identity-Focused Blockchain Startup in Apparent First Global online payments firm PayPal has invested in startup Cambridge Blockchain, a firm that focuses on leveraging the tech in order to give users more control over their digital identities. The investment, whose amount is undisclosed, is part of an extension …

Hodler’s Digest, April 1–7: Top Stories, Price Movements, Quotes and FUD of the Week Read More »

QuadrigaCX Crypto Exchange Could Soon Be Placed in Bankruptcy

Ernst and Young (EY), the court-appointed monitor for collapsed Canadian crypto exchange QuadrigaCX, has proposed transitioning the company from a restructuring process to bankruptcy proceedings. In a new report posted Tuesday, EY said that the exchange’s creditors “will benefit” from converting its current restructuring process under the Companies’ Creditors Arrangement Act (CCAA) to a new …

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From Law to Lawlessness: Bits of the Untold QuadrigaCX Story

Christine Duhaime, BA, JD, CAMS, practices law with Duhaime Law in Vancouver. Many of the stories being told about the early operation of the digital currency exchange, QuadrigaCX, are based more on fiction than fact. How do I know? I know because in 2015, I was QuadrigaCX’s regulatory attorney, hired to help their securities attorney …

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