• 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.

  • The ₿ Team: Four men suspected of ripping off 112 Bitcoin ATMs across Canada (via Calgary Police Service Cybercrime Team).
    Bitcoin,  Canada

    Canadian cops search for ATM crooks who double spent Bitcoin

    Police on the lookout for four men who ripped off 112 Bitcoin ATMs with some clever programming

    A four-man crypto crime spree raged across Canada six months ago, and Calgary’s police department has finally decided now is a good time to ask the public for help catching the thieves. Sorry to bother you, eh?

  • Canada Canadian dollar
    Alt coins,  Bitcoin,  Canada,  Innovators

    Canadian crypto exchange hacked, all assets stolen, internet cries ‘Scam!’

    MapleChange shutters website and social accounts after security breach cleans out user wallets

    A hack at a small Canadian crypto exchange left its users holding the bag Sunday, as MapleChange announced it had lost all its assets and would not be able to immediately refund its users. On Sunday afternoon, the exchange, which has Edmonton, Alberta listed as its location on Twitter, announced that a security breach allowed someone to steal all the assets it held. MapleChange added that it would not be able to refund the cryptocurrency until it investigates what happened. The hack followed MapleChange’s announcement Saturday on Twitter that it had upgraded its server and launched a version 2.0.0. https://twitter.com/MapleChangeEx/status/1056582662435954688 It’s unclear how MapleChange’s investigation is going, as the exchange…

  • Tether
    Bitcoin,  Canada,  Innovators,  Media,  Ripple,  Tether,  XRP

    Must-reads for October 15, 2018: Tether’s collapse may have just begun

    These are the crypto stories you should be following today

    Newsflash: Bitcoin Surges to $7,500 on Bitfinex Due to Tether Implosion, Real Price $6,700 (CCN) When we broke news that Tether’s former bank, Noble, is in financial trouble and that a large holder of tether had trouble dumping a few million of them, we were originally going to title it “Tether’s collapse may have just begun.” But we didn’t. We should’ve, though. Anyway, you’re seeing a premium in bitcoin versus tether on some tether-only exchanges. You have holders of tether trying to get out by trading them for bitcoin, pushing up the price of BTC on those exchanges. Simultaneously, it’s lowering the price of USDT. At some point, tether—which is…