in

QuadrigaCX Never Held $100M In Bitcoin, Says Crypto Researcher



Surprise! The craziest crypto-related story of 2019 has just become a tad zanier. According to a research piece from a leading industry researcher, QuadrigaCX, a Canadian Bitcoin (BTC) exchange in the midst of a multi-month imbroglio, could have been fibbing about its cryptocurrency holdings — and by a large sum at that.

Related Reading: Crypto Exchanges Begin to Shutdown: Bear Market in Full Force

The Crazy Crypto Debacle That Is QuadrigaCX

For those who missed the memo, QuadrigaCX, once Canada’s largest and most popular BTC-focused exchanges, has long been under pressure. As reported by NewsBTC last year, the Canadian Imperial Bank of Commerce (CIBC) froze five accounts that were linked to Costodian Inc., Quadriga’s payment processor, and Jose Reyes, its owner. It was reported that $28 million was frozen, leaving hundreds of the platform’s customers stranded, and strapped for funds.

While further reports on the matter claim that the sum has been handed over to the Ontario…





Read Full Story : NewsBTC

2019-02-04 00:00:42

What do you think?

0 points
Upvote Downvote

Twitter CEO Promotes Bitcoin, Iran Goes Full Crypto, and Binance Adds Credit Cards: This Week in Crypto

Bitcoin Investor: Crypto Will Outperform Stocks Over Next Decade