Police in Canada hunt BTC ATM double-spend scammers
Police in Canada are pursuing four men in connection with so-called ‘double-spend’ attacks, a type of cryptocurrency scam that has been plaguing Bitcoin Core (BTC) across the country.
Police in Canada are pursuing four men in connection with so-called ‘double-spend’ attacks, a type of cryptocurrency scam that has been plaguing Bitcoin Core (BTC) across the country.
Noted billionaire Calvin Ayre is returning to his Canadian roots by bringing his popular cryptocurrency event the CoinGeek Conference to Toronto for a two-day happening at The Carlu, a historic event space on May 29-30.
According to some lawyers, Canada could see a repeat of the QuadrigaCX scandal if it doesn’t take action soon.
So far, the focus of the QuadrigaCX investigation has been squarely on the death of Gerald Cotten and the lost funds. Now some people are looking into another important member of the company, Michael Patryn.
: The Canada Revenue Agency have sent out a 13 page questionnaire, hoping to find out more about Canadian crypto investors, and what money they may be hiding.
Even after Ernst & Young have finished their audit, there's still no way of knowing where there crypto exchange's funds have gone.
The third installment of the CoinGeek Conference will be held at The Carlu in downtown Toronto from May 28 to 30.
Gerald Cotten revealed in 2014 that QuadrigaCX was keeping customer funds in an offline paper wallet, stored away in a bank safety deposit box.
As if it couldn’t get any worse for QuadrigaCX, it now appears the exchange might have thrown away an additional $500,000 in cryptocurrency.
A venue described as a “historic restaurant” in Carbonear, Canada is being sold by its owner. Even better, the owner is accepting cryptocurrency as payment.
The Canadian crypto exchange had its day in court, and Nova Scotia Supreme Court Justice Michael J. Wood ruled in their favor, allowing creditor protection and a 30-day stay of proceedings.
Coinsquare has announced it is laying off 40 of its employees in a move aims to streamline the crypto exchange in light of an ever-evolving market.