Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy, Blasts EY Report

2019-4-3 15:38

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.

In doing so, Quadriga’s trading platform could be sold. A freeze request has also been placed on the assets of Jennifer Robertson, the widow of the exchange’s founder, Gerald Cotten. QuadrigaCX says it lost access to $195 million in crypto and other assets after 30-year old Cotton died suddenly at year-end 2018, leaving 115,000 customers holding the

The post Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy, Blasts EY Report appeared first on CCN

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exchange quadrigacx bankruptcy assets crypto report failed

Источник: ccn.com

exchange quadrigacx → Результатов: 126


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QuadrigaCX Founder’s Widow to Compensate Exchange Hack Victims

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


New Crypto Rumors Arise Around Troubled QuadrigaCX Exchange’s $150 Million Missing Funds

We have heard what happened with the cryptocurrency exchange QuadrigaCX and all the implications that it has for the virtual currency market. The owner of the crypto exchange, Gerald Cotten, died a few weeks ago without leaving information about the private keys related to the cold storage wallet in which the exchange held most of […]

2019-2-6 18:43


Lawyers May Sell QuadrigaCX To Amend $150M Bitcoin (BTC), Crypto Debts

Canadian Crypto Exchange In Crisis The QuadrigaCX saga, nay, imbroglio has only continued for the umpteenth consecutive week. After reports arose that the company owed upwards of $150 million worth of Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), along with other leading cryptocurrencies and millions in Canadian dollars, local media claims that the Vancouver, British Columbia-based […] The post Lawyers May Sell QuadrigaCX To Amend $150M Bitcoin (BTC), Crypto Debts appeared first on Ethereum World News.

2019-2-5 21:30


Movie script scenario: QuadrigaCX CEO might have faked his own death in India

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As of Jan. 31, 2019, there were roughly 115,000 users with balances signed up on the exchange, with $70 million CAD in fiat and $180 million CAD in crypto owed overall, according to the […] The post Movie script scenario: QuadrigaCX CEO might have faked his own death in India appeared first on CaptainAltcoin.

2019-2-3 16:18


Avoiding QuadrigaCX’s $190 Million Disaster: How Do the World’s Largest Crypto Exchanges Store Funds?

Canada’s largest crypto exchange QuadrigaCX lost more than $190 million worth of user funds and is unable to reimburse its users. As CCN reported on February 1, the founder and CEO of QuadrigaCX passed away in India with sole control over the company’s cold wallets containing more than $150 million in cryptocurrencies like Bitcoin and Ethereum, and $40 million in cash stored with a third party.

2019-2-3 11:48


How much Crypto is lost due to people Passing Away?

With the recent news of the QuadrigaCX exchange owner passing away and losing over 26,488 Bitcoin, 1,000,000,000 XRP, 200,000 Litecoin, and 429,000 Ethereum should these numbers be taken off the total supplies once confirmed gone forever? The news had me thinking how many other accounts are lost for either due to people passing away without […] The post How much Crypto is lost due to people Passing Away? appeared first on ZyCrypto.

2019-2-2 23:20


QuadrigaCX Exchange Shuts Down Due to Liquidity Issues, Posts Notice on Official Home Page

QuadrigaCX Follows “Temporary Shutdown” By Applying for Creditor Protection in Nova Scotia It has been no secret that QuadrigaCX has been struggling to stay afloat for some time. Earlier last year, the company had frozen the funds of consumers, leaving them unable to make withdrawals. While the company was in a legal dispute over the […]

2019-2-1 05:17


Maintenance Issues Force QuadrigaCX to Temporarily Shut Down, Could Legal Troubles to Blame

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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Bitcoin linked to the now-defunct QuadrigaCX exchange has been identified to be on the move. The bitcoins which had been previously thought to be inaccessible were mysteriously moved out of multiple wallets, sparking speculations on who might have access to the wallets.

Документальный фильм о крипто-мошенничестве от Netflix вызвал неоднозначную реакцию крипто-сообщества: детали

Вчера состоялась долгожданная премьера документального фильма от Netflix, который рассказывает о загадочной истории смерти основателя некогда популярной криптовалютной биржи QuadrigaCX. Сага о том, как уехавший в неизвестном направлении разработчик, прихватив с собой ключи от кошельков на сумму более $250 млн, вызвала нескончаемую критику со стороны крипто-сообщества.