Tagged: quadrigacx

May 13, 2020 @ 3:25 pm By JD Alois  |  

In a document posted by EY Canada yesterday,  the bankrupt crypto exchange QuadraCX trustee posted a document indicating 16,959 individual claims for the crypto and money. Most of the funds were vaporized when founder and CEO Gerald Cotten died without sharing passwords to the accounts… Read More

December 24, 2019 @ 7:22 am By Cali Haan  |  

The widow of QuadrigaCX cryptocurrency exchange founder Gerald Cotten is reportedly “shocked and saddened” that lawyers for harmed investors have asked for Cotten’s body to be exhumed. Cotten reportedly died in India last December when acute symptoms of Crohn’s disease overcame him while he was on… Read More

December 13, 2019 @ 3:29 pm By Cali Haan  |  

Lawyers appointed to represent users harmed by the failure of the cryptocurrency exchange QuadrigaCX have asked the Royal Canadian Mounted Police (RCMP) to exhume the body of the exchange’s founder, Gerald Cotten. The letter from the Miller Thompson law firm in Toronto states: “The purpose… Read More

October 8, 2019 @ 8:00 pm By Cali Haan  |  

Jennifer Robertson, widow of deceased QuadrigaCX founder Gerald Cotten, has disclosed that she will be turning over the “vast majority” of her assets to the Quadriga estate so they may be used to partially compensate users who lost funds when Quadriga collapsed. In a letter… Read More

June 22, 2019 @ 12:00 pm By Cali Haan  |  

Fiduciary and operational incompetence have been a matter of record since news emerged that Gerald Cotten, CEO of the Canadian cryptocurrency trading platform QuadrigaCX, died without giving anyone password access to $215 million CAD of user cryptocurrencies he ostensibly kept in cold wallet storage devices…. Read More

June 4, 2019 @ 3:58 pm By Cali Haan  |  

The US Federal Bureau of Investigation (FBI) is seeking information from investors who lost money when the Canadian cryptocurrency trading platform QuadrigaCX fell apart late last year. Individuals with questions or concerns about the failed exchange or who believe they were a victim in the… Read More

May 14, 2019 @ 1:35 pm By Cali Haan  |  

Trustees from Ernst and Young Inc. (EYI) have submitted a preliminary report assessing the assets remaining at QuadrigaCX, a Canadian cryptocurrency exchange that lost access to an estimated $240 million CAD in exchange funds last winter after the untimely death of CEO and sole Director,… Read More

May 6, 2019 @ 7:33 am By Cali Haan  |  

ICE’s Chief Executive Officer, Jeffrey Sprecher, told analysts in a conference call this week that the crypto bear market of 2018 allowed ICE’s crypto venture, Bakkt, to cheaply acquire Digital Asset Custody Co, Reuters reports. The acquisition of Digital Asset Custody Co could improve Bakkt’s… Read More

April 21, 2019 @ 6:59 pm By Cali Haan  |  

Adam O’Brien, a friend and former colleague of deceased QuadrigaCX founder Gerald Cotten, told Canadian media outlet Global News this week that Cotten talked casually about being kidnapped for the vast fortune he controlled: “Gerry was holding, we know, over $100 million, almost $200 million… Read More

April 19, 2019 @ 7:48 am By Cali Haan  |  

The recent loss of $190 million CAD by the now-defunct Canadian cryptocurrency exchange QuadrigaCX appears to have alerted regulators across the globe to additional complexities affecting the safe storage of cryptocurrencies at relevant businesses. Quadriga has claimed it lost access to the funds following the… Read More

April 9, 2019 @ 12:17 pm By Cali Haan  |  

Canadian cryptocurrency exchange Quadriga CX has been placed in bankruptcy this week, CBC reports. The exchange had been undergoing restructuring following the sudden death of founder Gerald Cotten and the loss of $260 million CAD in exchange funds. Cotten’s wife, Jennifer Robertson, filed for credit protection in… Read More

March 28, 2019 @ 2:06 am By Cali Haan  |  

The disastrous demise of Canadian cryptocurrency exchange QuadrigaCX has been well covered to date, including: the mysterious, sudden death of founder Gerald Cotten in India in early December 2018. the criminal past of Quadriga co-founder Michael Patryn. the alleged $190 million USD “loss” of client funds… Read More

March 8, 2019 @ 8:41 am By Cali Haan  |  

Jennifer Robertson, the wife of Gerald Cotten, the deceased founder of Canadian crypto exchange QuadrigaCX, has asked a Canadian court to reimburse her for $300,000 in costs she incurred by filing for creditor protection, Bloomberg reports. Robertson filed for creditor protection in late January after… Read More

March 2, 2019 @ 7:42 pm By Cali Haan  |  

Owners of the Kraken cryptocurrency trading platform are offering a $100 ooo USD reward for information that may help recover $190 million USD in funds lost by the Canadian crypto platform QuadrigaCX. Quadriga CX fell apart in January following the untimely death of CEO Gerald… Read More

February 24, 2019 @ 2:31 pm By Cali Haan  |  

Lawyers for the Bank of Montreal consulting on the case of Quadriga CX, a Canadian cryptocurrency exchange whose founder, Gerald Cotten, died in December –taking access to exchange’s funds with him– have told a court they are wary about handling funds in the case due… Read More

February 12, 2019 @ 10:40 am By Cali Haan  |  

The Ontario Securities Commission has stated that it is “looking in” problems at Quadriga CX after it was revealed last week that the Canadian cryptocurrency exchange has been put into credit protection following the December death of its founder, Gerald Cotten. Matters have been further… Read More

February 11, 2019 @ 1:51 pm By JD Alois  |  

There have been innumerable cryptocurrency exchange hacks and failures. A combination of poor security protocols and the lure of digital currency which can be easily laundered has engendered hundreds of millions of dollars in losses. The most recent debacle is the collapse of Canadian crypto… Read More

February 7, 2019 @ 10:23 am By Cali Haan  |  

The hospital in Jaipur, Rajasthan, where Canadian crypto exchange CEO Gerald Cotten spent his last hours has confirmed that he died there from a heart attack caused by complications from Crohn’s disease, Times of India reports. Cotten’s untimely death may also have devastating consequences for… Read More

February 6, 2019 @ 8:36 pm By JD Alois  |  

Is QuadrigaCX Safe? “QuadrigaCX has been developed by some of the foremost leaders in the crypto currency community, and employs some of the most stringent security protocols that currently exist. Furthermore, Bitcoins that are funded in QuadrigaCX are stored in cold storage, using some of… Read More

February 5, 2019 @ 12:05 pm By Cali Haan  |  

Claims by current operators of the Canadian cryptocurrency exchange QuadrigaCX that the company has “lost” cold wallets containing more than $150 million in crypto are being disputed by a researcher at the Zerononsense blog. QuadrigaCX filed for creditor protection last week, and according to Zerononsense,… Read More