2020-5-13 23:50 |
Close to 17,000 have made a claim for defunct crypto exchange QuadrigaCX's assets, its bankruptcy monitor reported Tuesday.
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Ernst & Young (EY), the trustees of the now-bankrupt QuadrigaCX crypto exchange, announced nearly 17,000 applicants have filed for the remaining assets of the exchange. According to the published note on May 6th, EY claimed it will pay out the funds, totaling to around $300 million in current valuation, in Canadian dollars. However, the process […]
2020-5-13 20:46 | |
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The widow of QuadrigaCX’s late founder has agreed to turn over about $9 million of assets to the exchange’s victims. The post Widow of QuadrigaCX Founder to Forfeit $9 Million to Exchange Victims appeared first on Bitcoin Magazine.
2019-10-9 18:44 | |
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Coinspeaker QuadrigaCX Founder’s Widow Will Surrender Over $9 Million in Assets to Repay UsersAn official statement from Jennifer Robertson, the widow of QuadrigaCX founder Gerald Cotten, confirms that she will hand over more than $9 million to compensate the users of the now-defunct crypto exchange.
2019-10-8 15:13 | |
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Jennifer Robertson — the widow of late QuadrigaCX founder, Gerald ‘Gerry’ Cotten, has agreed to hand over assets belonging to the defunct bitcoin exchange in compensation of affected users. Liquidating Assets Belonging to QuadrigaCX Bitcoin Exchange According to CBC News, Robertson is set to hand over QuadrigaCX assets still in her possession to Ernst & Young — Trustees of the bitcoin exchange’s liquidation proceedings.
2019-10-8 13:30 | |
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The widow of the CEO of the defunct Canadian cryptocurrency exchange QuadrigaCX is surrendering personal assets to assist with the repayments of user’s affected by the exchange‘s sudden collapse.
2019-10-8 11:27 | |
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The wife of the late founder of Canadian cryptocurrency exchange QuadrigaCX is handing over roughly $9 million in assets.
2019-10-8 00:42 | |
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Cryptocurrency scammers continued to swindle funds throughout Q2 2019, netting approximately $4. 26 billion so far this year. According to CipherTrace latest report, insider thefts were by far the largest offenders, netting massive loses on investors and cryptocurrency exchange users.
2019-8-13 12:22 | |
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The founder of the failed Canadian cryptocurrency exchange QuadrigaCX, who died in December 2018, used clients' assets in his margin trading and deceived the users for years.
2019-6-23 16:10 | |
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The exchange has managed to recover $21M cash on hand, with a total of $28 million in assets, but Ernst&Young failed to discover the reported cold wallet storage.
2019-5-13 16:06 | |
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Ernst & Young, the court-appointed monitor for troubled Canadian crypto exchange QuadrigaCX, has released its first report since the exchange filed for bankruptcy. Within the write-up, the monitor states QuadrigaCX only has $21 million in assets, a far cry from the $160 million it owes creditors.
2019-5-11 00:12 | |
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A new report from audit firm EY outlines the assets and debts of Canadian crypto exchange QuadrigaCX and its subsidiaries
2019-5-11 00:08 | |
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QuadrigaCX owes creditors $160 million, but only has $21 million in assets, according to court-appointed monitor EY's latest report.
2019-5-11 21:45 | |
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CryptoNinjas The digital asset industry needs to move away from its obsession with storing wealth in the right kind of wallet – hot or cold – and instead engage a secure digital custody service.
2019-4-28 16:50 | |
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The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.
2019-4-27 01:30 | |
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By CCN. com: The late CEO of QuadrigaCX crypto exchange Gerald Cotten feared for his life due to the vast amounts of funds he exclusively controlled, a former colleague and friend has said. Per cryptocurrency entrepreneur Adam O’Brien, Cotten worried that he could be kidnapped over the crypto assets worth millions of dollars that he exclusively had access to, according to Global News: Gerry was holding, we know, over $100 million, almost $200 million dollars in funds.
2019-4-19 13:19 | |
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It’s been a long and winding road with many twists and turns for the beleaguered cryptocurrency exchange QuadrigaCX and its 115,000 former users who are owed roughly $190 million.
2019-4-10 17:39 | |
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QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.
2019-4-9 11:55 | |
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The transition to bankruptcy will allow Ernst and Young (EY) greater investigative authority over the exchange's missing funds. Under the ruling, the assets of Jennifer Robertson, widow of owner Gerry Cotten, will be frozen, and her financial activity will be closely monitored.
2019-4-10 00:31 | |
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The Monitor of the exchange’s creditor protection procedure has started looking through personal assets belonging to the co-founder, in an attempt to estimate whether the exchange was used for personal enrichment.
2019-4-3 16:53 | |
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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.
2019-4-3 15:38 | |
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Defunct cryptocurrency exchange QuadrigaCX’s should enter bankruptcy proceedings in a bid to minimize costs and facilitate the recovery of assets for creditors, according to a report by Ernst & Young (EY), its court appointed monitor.
2019-4-3 12:23 | |
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QuadrigaCX monitor Ernst & Young suspects that the beleaguered exchange’s late CEO, Gerald Cotten, may have been financing personal expenditures with company funds, and it is now recommending that the assets in Cotten’s estate be placed under a preservation order.
2019-4-3 01:19 | |
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With recent exchange imbroglios, like QuadrigaCX’s nine-figure mishap and DragonEx’s recent loss of purported millions worth of Bitcoin, Ethereum, and other crypto assets, big-name onlookers are likely shying away from the space.
2019-3-29 15:15 | |
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As anxiety grows around every new twist and turn in the ongoing QuadrigaCX drama, along with extensive QuadrigaCX media coverage, Canada’s mainstream media has been calling on the government to bring in better oversight and regulation of cryptocurrency businesses, especially cryptocurrency exchanges.
2019-3-20 18:42 | |
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Litecoin prices stable and bullish QuadrigaCX founder had the best interests in mind and cared for his customers Transaction volumes low but revival depends on LTC demand Cotten’s window now says his husband had the best intentions and interest for QuadrigaCX users as the search of $190 million worth of Bitcoins and other assets continue.
2019-3-14 22:00 | |
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The Supreme Court of Canada granted QuadrigaCX a 45-day extension to recover cryptocurrency assets that went missing after its founder’s death, keeping the exchange safe from creditor lawsuits while the investigation continues into the loss of $190 million in crypto.
2019-3-8 10:58 | |
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According to pseudonymous cryptocurrency researcher “I am Nomad” and a report from The Block, QuadrigaCX co-founder Michael Patryn traded large Bitcoin positions on BitMEX surpassing the tune of $8 million.
2019-3-8 20:36 | |
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A Nova Scotia Supreme Court Justice has given defunct cryptocurrency exchange QuadrigaCX a 45-day extension to search for $140 million worth of missing crypto assets. Judge Michael Wood extended the creditor-protection deadline to April 23, which would protect Quadriga from potential lawsuits.
2019-3-6 14:21 | |
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QuadrigaCX Is Still Looking For The Millions Of Crypto Assets That They’ve Lost, Earning Them Another Extension In Court QuadrigaCX’s court case for the retribution of funds to consumers has gone on for months, and they have already been granted a 30-day stay to protect them from creditors as they find the funds hidden amongst […]
2019-3-6 02:16 | |
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As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.
2019-3-5 20:20 | |
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QuadrigaCX is one of the major stories in the cryptocurrency industry right now, as the battle continues to return the funds that crypto and fiat investors have lost. In December, the CEO passed from complications associated with Crohn’s disease during international travel but signed everything into his wife’s name before his passing. It would be […]
2019-2-27 22:24 | |
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Jennifer Robertson, one of QuadrigaCX's two officers, asked a court to put a restructuring specialist in charge of the exchange.
2019-2-27 19:30 | |
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QuadrigaCX Exchange’s founder, Gerald Cotten, passed away more than two months ago, and with his death, the keys to the exchange’s cold storage allegedly went to the grave with him.
2019-2-26 22:21 | |
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Hesitation has been shown by Canadian banks concerning the management of the assets of insolvent cryptocurrency exchange QuadrigaCX
2019-2-24 13:53 | |
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QuadrigaCX has sent its remaining crypto assets to Big Four auditing firm Ernst & Young
2019-2-22 21:55 | |
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Jennifer Robertson, the widow of the late QuadrigaCX exchange CEO, appears to be liquidating and shuffling some estate assets. When QuadrigaCX founder and CEO Gerald Cotten passed away suddenly in December of 2018 in India, he was allegedly the only person with the knowledge of the exchange’s cold storage keys.
2019-2-15 22:06 | |
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The trending story of QuadrigaCX is no newer in the cryptospace but the recent turn of events keeps changing earlier inferences and further building wrong speculations especially with respect to customers assets locked on the exchange.
2019-2-14 04:17 | |
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On February 4, 2019, blockchain tech company Blockstream announced the development of a “proof of reserves” tool to standardize the authenticity of exchanges’ crypto reserves.
2019-2-7 01:01 | |
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The recently deceased CEO of Canadian QuadrigaCX had reportedly filed a last will 12 days prior to his death, leaving all assets to his wife including properties in Canada, a Lexus and a yacht
2019-2-7 13:13 | |
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A few days ago the QuadrigaCX exchange announced that they lost around $190 million in virtual currencies due to the fact that the owner of the exchange passed away. According to different reports that spread on the internet, the owner of the platform, Gerald Cotten, was the only person in possession of the digital assets […]
2019-2-4 21:49 | |
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Have you ever wondered why even the savviest crypto holders always advocate for users to secure their own crypto assets? Well, the story of this crypto exchange, QuadrigaCX, should be a wake-up call to anyone who doubts that logic.
2019-2-2 21:48 | |
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Customers foolish enough to leave funds at the Canadian crypto exchange QuadrigaCX have a lot to be worried about. According to a post by the company’s board of directors, the platform has lost access to the digital assets it held in cold storage.
2019-2-1 02:00 | |
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QuadrigaCX, a cryptocurrency exchange, has been in hot water for months with their own customers, considering that no one has been able to withdraw their crypto assets for months now. There has been plenty of rumors surrounding the cause, but the company did not exactly put themselves in a good position today when they notified […]
2019-1-29 17:26 | |
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The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).
2018-11-15 22:14 | |
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The imitation site is not authorized by EY and affected users have been advised to avoid at all costs.
Creditors of QuadrigaCX have asked the Royal Canadian Mounted Police to exhume and conduct an autopsy of the failed exchange’s founder, Gerald Cotten.
QuadrigaCX creditors are losing patience with their court-appointed law firm, demanding answers about the effort to recover their funds.
A creditors' committee has been formed for users of the failed QuadrigaCX exchange, and it includes a former Mt Gox customer.