The investigation into the failure of QuadrigaCX continues to reveal evidence of deception and mismanagement by the exchange’s operators. Ernst & Young, the court ordered auditor of Quadriga’s crypto holdings, has announced that cold wallets, in which most of the exchange’s deposits were presumed to be held, are empty. Also, the accounting firm has reported…
Questions surrounding the failure of QuadrigaCX continue to grow as more speculation of foul play emerges. The exchange, Canada’s largest, recently shut down after the death of its CEO, taking with it an estimated USD $190 million worth of customer’s crypto deposits. Now, amid rumors of fraud by the exchange’s operators, claims are emerging that…
A series of increasingly curious events continue to unfold around QuadrigaCX, Canada’s largest cryptocurrency exchange. The service has closed, claiming to have lost access to most of its funds. However, analysts have uncovered what may be transfers of the so-called inaccessible cryptocurrencies, as well as evidence of accounting inconsistencies surrounding the exchange’s handling of its…