Cryptocurrency exchange QuadrigaCX has barely 10% of its depositors’ money, and it’s probably not worth looking for the rest. That is what of auditing and advisory giant Ernst & Young Inc. told the Supreme Court of Nova Scotia in its role as trustee of the firm’s bankruptcy on May 1. It will be too long and costly, and some other exchanges and payment processing firms are not cooperating, it said.
For one cryptocurrency exchange, too much security may be as damaging as too little
The sudden death of QuadrigaCX’s CEO may have locked $137 million away forever
Billion-dollar cryptocurrency hacks get a lot of publicity, but customers of one Canadian exchange are finding out the hard way that there’s such a thing as too much security.
