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Posts published in “Quadriga”

QuadrigaCX oddities continue as details of cofounder’s criminal past surface

The QuadrigaCX exchange situation has headlined many articles so far this year, as further details have rolled in. Added information has surfaced regarding a stated formerly involved party. Who is Michael Patryn? Bloomberg, in a report today, posted details on cofounder Michael Patryn who, along…

QuadrigaCX Prompts Regulators to Move: Will Canada Clampdown on Crypto?

The QuadrigaCX debacle that has gripped the crypto space so far this year has evidently not gone unnoticed by Canadian financial regulators. In a consultation paper, the Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) appealed for the input of…

Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals

Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors…

QuadrigaCX Cold Wallets Found Empty, Search for Remaining Funds Continues

The unfortunate death of QuadrigaCX founder Gerald Cotten was felt throughout the greater cryptocurrency industry. Per previous reports, the Vancouver-based exchange lost access to approximately C$190 million worth of crypto funds held in cold storage, with the passwords known only to the late Cotten himself.…

Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box

In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to…

Judge Appoints 2 Law Firms to Represent Quadrigacx Clients

Two law firms have been appointed to represent the clients of insolvent Canadian crypto exchange Quadrigacx in court. The number of affected users has been estimated at approximately 115,000 and lawyers will have to contact as many as they can. The digital asset trading platform…