QuadrigaCX, the crypto storyline that keeps on giving, took another bizarre twist, as investigators determined that Gerry Cotten, the CEO of the exchange, had cleaned out the cold storage account balances as far back as April 2018, presumably transferring them to QuadrigaCX accounts at other exchanges. Ernst & Young reported these finding to the court,…
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Crypto exchange compromises have become common as rain, where stories detail how easy it is to hack these trading venues and how many millions have been lost over and over again, but these storylines usually disappear in a day or two. Not so with the Canadian fiasco of 2019, the never-ending saga of the beleaguered…
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Another day, another story about a crypto exchange losing millions in customer deposits, but this story has a bizarre twist that is almost too weird to believe. QuadrigaCX, once the largest Bitcoin-focused exchanges in Canada, revealed today that it could not refund $190 million of client deposits in Bitcoin, Litecoin, Ether, and fiat currency holdings.…
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