After several months of battling local complaints about its operation, noise levels, and lack of job creation, Labrador City-based cryptocurrency mining firm Great North Data has shut down.
BCause had filed for reorganization but its creditors asked the court to turn it into liquidation. It will lay off 27 full-time employees.
It appears that Jennifer Robertson was able to find a way to make restitution after her deceased husband’s exchange fell into bankruptcy.
The story asserted that its financial woes were caused by banking partners and discovered that the millions of dollars reportedly held for users by the platform had most likely been mismanaged
Cobinhood has reportedly gone under, succumbing to the issues that plagued a number of companies during the prolonged crypto winter.
New Zealand-based Cryptopia is closing after filing for bankruptcy, several months after the crypto exchange was hit with a $15 million hack.
Canadian cryptocurrency exchange QuadrigaCX has been declared bankrupt following a failed attempt to restructure the firm.
Ernst and Young has submitted a proposal to the courts suggesting the company’s restructuring should be move to bankruptcy proceedings.
The exchange has suffered million-dollar losses after the individual charged with maintaining crypto balances reportedly embezzled its funds.
The saga surrounding the QuadrigaCX cryptocurrency exchange out of Canada continues to move forward as law firms Miller Thomson and Cox & Palmer will represent more than 100,000 customers of the crypto exchange in the coming weeks.