Cryptopia Exchange Seeks US-Based Bankruptcy Protection

2019-5-28 13:41

The exchange is seeking protection, with the aim of preserving its SQL database on trader funds.

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Cryptopia Limited Files for US Bankruptcy Protection Following Massive Hack in Early 2019

Cryptopia Limited was hacked multiple times in the first quarter of 2019. The shareholders of Cryptopia have decided to file for bankruptcy in a Chapter 15 case in New York. The hacking of the Cryptopia exchange made headlines in January after a massive attack took $16 million from the exchange. The exchange was the host […]

2019-5-25 04:41


Bcause Spot Market Launch Nears For Promising Crypto Exchange, Trading And Mining Project

Bcause's  Spot Market Set Become The “One Stop Shop” For Cryptocurrency Mining And Trading Bcause LCC, a Chicago based crypto mining and exchange startup has stated that it will be launching its spot market in a couple of weeks, in spite of its operation under bankruptcy protection. Thomas Flake, the Co founder of Bcause, has […]

2019-5-8 23:46


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Following Expansions, Japanese Regulator Investigates Local Crypto Exchanges

Japan’s Financial Services Agency (FSA) is looking into two major cryptocurrency exchange platforms as part of an investigation. According to a report published by Reuters Japan on April 23, 2019, the investigation by the financial watchdog is connected to the legal compliance and customer protection standards of trading platforms Fisco Digital Asset Group (FDAG) and Huobi Japan, the Japanese subsidiary of Huobi Global.

2019-4-24 22:55


QuadrigaCX CEO Widow Demands $225,000, Draws Ire of Investors Who Lost $150 Million

Jennifer Robertson, the widow of Gerald Cotten, the CEO of Canada’s biggest crypto exchange QuadrigaCX, has requested for reimbursement of $225,000 in court fees. Robertson, who initially filed an affidavit with the Supreme Court of Nova Scotia to reveal the death of CEO Gerald Cotten and the loss of over $150 million in crypto and cash by QuadrigaCX, reportedly claimed she had spent $225,000 to secure QuadrigaCX protection from creditors.

2019-3-6 19:41


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As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

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


Highlighting Importance of Crypto Custody, BitGo CEO Says Assets Shouldn’t Be Held by Exchanges

Preserving and protecting cryptocurrency funds in a digital wallet is fairly common, and there are many investors that end up choosing hardware wallets as a further level of protection. While it is not uncommon for investors to hold their assets at an exchange, a recent interview with CEO Mike Belshe of BitGo may make investors […]

2019-2-27 00:10