Quadriga CX Fiasco Highlights the Need for Crypto Insurance

2019-2-21 20:00

A startup by the name of BitGo Inc. could be the answer to the menace of losing private keys of cold-storage crypto wallets, reports Bloomberg, February 19, 2019. Can too Much Safety Be Fatal? The recent fiasco surrounding the death of the CEO of Canadian cryptocurrency exchange Quadriga CX has rekindled questions regarding the safetyRead MoreRead More.

The post by Aisshwarya Tiwari appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News.

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Источник: btcmanager.com

Quadriga CX Victims May Get Refunds Sooner than Later

Creditors of the now defunct Canadian cryptocurrency exchange, QuadrigaCX may get compensated sooner than later, as Ernst & Young (EY), the court-appointed monitor investigating the case, has advised the firm to commence bankruptcy proceedings as soon as possible, to cut costs and expedite the creditors’ refunds process, reports Bloomberg on April 2, 2019.

QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash

For those QuadrigaCX users who were fortunate enough to have withdrawal requests honored, some appear to have received their funds through unconventional means. An anonymous QuadrigaCX user who corresponded with Bitcoin Magazine said that they received a bank deposit from Robertson Nova Consulting Inc.

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

In this edition of The Daily we cover a number of developments related to different cryptocurrency exchanges. A report shows that Quadriga has “lost” another half a million dollars, Bithumb is expanding its reach to the UAE, and Coinbase has launched a controversial new cloud backup service.

First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet

According to the latest court documents in the ongoing QuadrigaCX case, the exchange sent roughly $470,000 CAD (approximately $355, 000 USD) worth of bitcoin from a hot wallet to a cold-storage wallet on February 6, 2019.

Disgraced Crypto Exchange QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEO’s Bitcoin Wallet

On February 12, Ernst and Young (EY), the monitor of the QuadrigaCX case, released its first report with the Supreme Court of Nova Scotia. In it, EY stated that the exchange “inadvertently” moved $370,800 in Bitcoin to a cold wallet controlled by CEO Gerald Cotten, who passed away.

California Engineer Loses $422,000 in Life Savings after Using QuadrigaCX; Is Help Coming?

A California-based engineer lost the entirety of his life savings after using QuadrigaCX’s cryptocurrency exchange for remittance. Tong Zou, 30, said in an interview to Bloomberg that he had opened a withdrawal request at QuadrigaCX in October 2018.

Quadriga CEO Death – Funds Moved From ‘Lost’ Cold Wallets

A company with legal problems; a mysterious death; missing customer funds. The QuadrigaCX story could have come straight from the pen of a hack Hollywood writer. Well now, the internet’s faithful crypto-investigators, claim to have found evidence of transactions initiated from the supposedly ‘lost’ cold wallets.

Canadian banking cartel freezes $28M belonging to cryptocurrency exchange

A Canadian banking cartel has allegedly frozen $28 million in customer funds belonging to Canada’s largest cryptocurrency exchange. Vancouver-based exchange desk QuadrigaCX claims the Canadian Imperial Bank of Commerce (CIBC) locked the money and froze accounts belonging to its payment partner, Costodian, and its owner, Jose Reyes.

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Quadriga CX Fiasco Highlights the Need for Crypto Insurance

2019-2-21 20:00

Emerald Crypto (EMD) на Currencies.ru

cryptocurrency quadriga → Результатов: 10

Quadriga CX Victims May Get Refunds Sooner than Later

2019-4-4 09:00

QuadrigaCX Sent Deposits Allegedly Linked to CEO’s Widow, Mailed Withdrawals in Cash

2019-2-15 20:28

In the Daily: Quadrigacx Losses, Bithumb UAE, Coinbase Cloud Backup, Chainalysis Funding

2019-2-13 12:40

First QuadrigaCX Monitor Report: $460k in BTC “Inadvertently” Sent to Cold Wallet

2019-2-13 03:56

Disgraced Crypto Exchange QuadrigaCX Accidentally Sent Nearly $400,000 to Dead CEO’s Bitcoin Wallet

2019-2-13 03:05

California Engineer Loses $422,000 in Life Savings after Using QuadrigaCX; Is Help Coming?

2019-2-10 16:50

Quadriga CEO Death – Funds Moved From ‘Lost’ Cold Wallets

2019-2-4 20:00

QuadrigaCX Owes Customers $190 Million, Court Filing Shows

2019-2-2 21:02

Crypto Exchange QuadrigaCX Goes Offline, Claims Maintenance Issues

2019-1-29 04:55

Canadian banking cartel freezes $28M belonging to cryptocurrency exchange

2018-10-9 12:59

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