This is the third test for the Province’s new tool to combat money laundering.
QuadrigaCX creditors set to receive 13% of their claims as an ‘interim dividend’
The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019.
Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar
The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding.
Bankrupt crypto exchange QuadrigaCX to start ‘interim distribution’ of funds
Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors.
Bankrupt Crypto Exchange QuadrigaCX Will Start Interim Distribution for Some User, EY Says
EY will make the procedure to file the claims public in the coming weeks,
$1.7M of Bitcoin tied to QuadrigaCX reawakens after years of dormancy
The wallets were thought to be inaccessible following the death of the exchange’s founder in 2018, as he had sole responsibility for the wallet’s private keys.
DeFi lending protocol created by ex-QuadrigaCX co-founder surpassed $50M in TVL
Michael Patryn was doxed earlier this year for being the co-founder behind the DeFi project Wonderland, which collapsed shortly after.
Netflix’s crypto swindler documentary draws wild community reaction
Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death.
Daniele Sestagalli discusses Wonderland’s future after QuadrigaCX co-founder dox
“Some people said Wonderland should just be wound down and funds be given back to token holders. I believe this is the easy way out,” says Sestagalli.
Co-founder of defunct exchange QuadrigaCX allegedly runs Wonderland
Recently surfaced allegations suggest the founder of DeFi protocol Wonderland was the co-founder of the now-defunct exchange QuadrigaCX.
Netflix to release documentary about QuadrigaCX CEO’s mysterious life and death
Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed.
EY, Quadriga Law Firm Warn of ‘Imitation’ Site
The imitation site is not authorized by EY and affected users have been advised to avoid at all costs.
Trustee of Collapsed Exchange Moves to Resolve Crypto vs. Fiat Creditor Claims Tussle
Bankruptcy trustee EY is trying to resolve a dispute over how to value cryptocurrencies recovered from QuadrigaCX.
QuadrigaCX Users’ Law Firm Launches Blockchain Analytics Investigation
Miller Thomson, the law firm representing QuadrigaCX’s former users, has hired Kroll and Coinfirm to conduct blockchain sleuthing services.
Coinberry Crypto Exchange Gets OSC Nod, Lloyd’s Cover as Canada’s Post-Quadriga Rules Tighten
Following last year’s QuadrigaCX collapse and loss of client funds, Canada’s crypto exchanges are going the extra mile to rebuild the trust of consumers.
Only 23% of Hodlers Have a Crypto Estate Plan: Survey
The late Gerald Cotten wasn’t the only investor who failed to make a plan for his crypto, according to a survey by the Cremation Institute.
Bitcoin News Roundup for June 12, 2020
With the price of BTC dropping more than 6% overnight, CoinDesk’s Markets Daily is back with your bitcoin news roundup.
Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says
NEW: The Ontario Securities Commission has published a scathing report calling now-defunct Canadian exchange QuadrigaCX a “Ponzi,” and denouncing the practices of founder and CEO Gerald Cotten.
17,000 People Have Filed Claims for Refunds From QuadrigaCX, Auditor EY Says
Close to 17,000 have made a claim for defunct crypto exchange QuadrigaCX’s assets, its bankruptcy monitor reported Tuesday.
CoinDesk Live: 2019’s Most Catastrophic Crypto Caper
QuadrigaCX, you know the story: Dead CEO, $190 million of customer’s funds missing, mismanagement, conspiracy. But where are we now in terms of making crypto clients whole?