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
Gerald Cotten showed reckless abandon with his customers funds, and tried to cover his tracks every step of the way.
It seems like Gerald Cotten might not have just been a bit irresponsible, he might have straight up stole from his customers.
Both Bitfinex and QuadrigaCX appear to have a common collaborator that contributed to their problems, and its called Crypto Capital.
We are now learning that Gerald Cotten might not have been the cryptocurrency nice guy we once thought he was.
Canadian cryptocurrency exchange QuadrigaCX has been declared bankrupt following a failed attempt to restructure the firm.
Kraken’s CEO Jesse Powell keeps talking about QuadrigaCX, because he feels the embarrassing case holds important lessons for the cryptocurrency industry.
One man from Toronto was looking to get a good price on his Bitcoin Core. Sadly, he did it at the worst time on the worst site.
Tragic as it was, the QuadrigaCX case opened the eyes of many investors on just how safe—or not—their crypto stashes are.
As one reporter digs even deeper into the mysteries of QuadrigaCX, one payment provider didn’t appreciate the closer look and threatened legal action.