• Photo of an actual QuadrigaCX customer standing next to a Canadian flag (via Shutterstock).
    Bitcoin,  Canada

    Ernst & Young to QuadrigaCX users: You’re screwed

    The cryptocurrency exchanges bankruptcy trustee said it may not be worth looking for the missing 90% of customers’ digital assets

    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.

  • Skeleton Bitcoin
    Bitcoin,  Cryptocurrencies

    Coinbase CEO speculates on QuandrigaCX management coverup

    Analysis points to possible trouble long before the CEO’s death

    As the QuadrigaCX saga continues to play out, Coinbase CEO Brian Armstrong has jumped into the fray. The chief executive at the largest U.S. exchange suspects that management at its largest Canadian competitor is using its founder’s death to cover up what could be a massive fraud.