#Quadriga CX

[allthecanadianpolitics]

It might be a relatively harmless and money-losing affectation for a former talk radio show host turned business group lobbyist to have a mid-life conversion to the church of cryptocurrency. It becomes a lot less harmless when that person becomes the premier, can tell Alberta’s pension fund manager what to do and wants to take Alberta out of the Canada Pension Plan.

And Danielle Smith really is cuckoo for cryptocurrency. [...]

Quadriga was a cryptoexchange that was found to be a fraud and a Ponzi scheme by the Ontario Securities Commission. Smith lost her money because Quadriga’s founder died in December 2018 while on his honeymoon in India and no one else had the passwords necessary to access and run the site. Quadriga users reported roughly $190 million in missing cryptocurrency. Smith talked on her Western Standard show about how the loss was closer to $250 million. 

Smith has also said that she has investments in Ethereum, the second largest cryptocurrency after Bitcoin. Smith’s public disclosure that details her investments and is published by the office of the ethics commissioner is not yet available. 

But it’s not just crypto that Smith is obsessed with, it’s also your pension. In December, Smith floated the idea of having a referendum on separating Alberta from the Canada Pension that would line up with the upcoming provincial election, before quickly backtracking the next day on having a referendum in May.  [...]

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Tagging: @politicsofcanada

#cdnpoli #cryptocurrency #Quadriga CX #cyber security

[newsworld123]

Creditors to Get 13% per Dollar   – Bitcoin News

EY, the global accounting and professional services organization, released a long-awaited update on Friday for the creditors of Quadriga CX. The Canadian cryptocurrency exchange, which had sought bankruptcy protection in 2019 with liabilities of C$215.7 million and assets totaling around C$28 million, had left its creditors in a state of uncertainty. In the latest notice from EY, it was revealed…

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[digitalwisher]

#QuadrigaCX #Cryptocurrency #Bankruptcy #DigitalWisher #news #shiraverse #worldnews #digitalwisher #animals #anime and manga #trending #architecture #art #autos

[prenewstech]

Quadriga CX Bankruptcy Claimants to Get 13% on the Dollar

The interim distribution to users will account for 87% of the funds the collapsed exchange’s Trustee is currently holding. [tittle words as hashtags]

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[emonvida]

How smart financial contracts could prevent next black swan

At this point, most people are familiar with the collapse of cryptocurrency exchange FTX, but it is just the latest in a long line of “black swan” events that could have — and should have — been avoided. Mt. Gox, Quadriga CX, Three Arrows Capital, Celsius Network, Voyager, BlockFi, the list of hacks, fraud and resulting contagion goes on. Clearly, new practices are necessary to combat events like…

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#black #contracts #financial #prevent #smart #swan

[doge-bybit-crypto]

Bitcoin Exchange CEO Dies and Lost 170 Billion

The ‘Quadriga CX’ exchange, which started in 2013, enjoys its greatest boom at the end of 2017 when the Bitcoin price soared. It's believable to see him give great presentations at broadcast interviews and conferences. At this time, Bitcoin was approaching $20,000 in US dollars.

About a year ago, in the fall of 2018. Tong Joo, who lives in San Francisco, USA, appears. His eyes looked anxious, and dark circles under his eyes were full. Sad predictions are never wrong. That's right. Tong Zhou put all of his fortune on the ‘Quad Li CX’ exchange. He was worth $400,000 worth of bitcoins. He tried to withdraw in Canadian dollars, but there was no response from the exchange.

At this point, news is delivered. In December 2018, the CEO of the exchange, Gerald Cotton, died suddenly. Due to the nature of virtual currency, you must have a password to access the virtual currency ‘wallet’ (cold wallet) to return money to investors. This means that the CEO alone knows the password of the exchange. The investment of 110,000 people was 190 million Canadian dollars (170 billion won at the time) floating in the air.

Bybit Exchange Fee Discount

But looking at him, his death is suspicious. He and his wife Jennifer Robertson died suddenly from complications of Crohn's disease while traveling to India. The place where a 30-year-old businessman died unexpectedly is a Crohn's disease-related disease with a low mortality rate. When this news was announced, it was about two weeks after the actual date of death.

Investors flocked through Telegram. He suspects his death and agrees that he must be alive somewhere. He added to his suspicions, saying he might be swimming somewhere in a tax haven after taking money and having plastic surgery.

[yuvi-2002]

Quadriga fintech solution was the owner and operator of quadriga cx.

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[farevuqex]

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