The Ontario Securities Commission (OSC) has initiated a probe into Canada’s major cryptocurrency exchange QuadrigaCX, Reuters reported on Feb. 8. The Ontario Securities Commission reportedly told Reuters that “given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor.” OSC spokeswoman Kristen Rose reportedly declined to specify whether this means the Commission was formally investigating the exchange. The news comes in the wake of the British Columbia Securities Commission’s claim that it does not regulate QuadrigaCX since the company has reportedly not shown signs of trading of securities or …

The $145 million in digital assets that are reportedly stuck in encrypted cold wallet storage of QuadrigaCX crypto exchange could actually be missing, according to analysts cited by the Wall Street Journal (WSJ) on Feb. 6. In December 2018, the founder of major Canadian cryptocurrency exchange QuadrigaCX, Gerald Cotten, passed suddenly. Cotten was reportedly the sole executive with access to the exchange’s cold wallets. As such, customers have been unable to withdraw funds owed to them, and the exchange has sought creditor protection in Canadian court. A filing from Ernst & Young states, “Quadriga was unable to access the cold …

Canadian cryptocurrency exchange QuadrigaCX is reportedly not regulated by the British Columbia Securities Commission (BCSC), the province’s financial regulator, Reuters reported on Feb. 7. Vancouver-based cryptocurrency exchange QuadrigaCX was established in 2013 and is purportedly the first exchange in Canada to be licensed by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC). According to Reuters, the BCSC was aware of Quadriga since 2017. However, the exchange was unregulated as there was reportedly no indication that Quadriga traded securities or derivatives, or operated as an exchange in general. “As such, BCSC does not regulate it,” a BCSC spokesman Brian …

Gerald Cotten, the recently deceased CEO of major Canadian crypto exchange QuadrigaCX, had filed a will 12 days before his death, Bloomberg writes Tuesday, Feb. 5. According to the documents obtained by Bloomberg, Cotten signed his last will and testament on Nov. 27, 2018. He mentioned his wife, Jennifer Robertson, as the only beneficiary and the executor to his estate. Bloomberg has learned that Robertson will inherit several properties in Nova Scotia, where the couple lived, and in Kelowna, British Columbia, as well as a Lexus, a Jeanneau 51 yacht, an airplane and his two pet chihuahuas. Canadian crypto exchange …

Disclaimer: this article was updated on Feb. 6 to include the results of the hearing at Nova Scotia Supreme Court, where QuadrigaCX’s CCAA application was reviewed. Canadian cryptocurrency exchange QuadrigaCX is in hot water: Following the sudden death of its 30-year-old founder, Gerald Cotten, the exchange has allegedly lost access to its cold wallets, where most of the funds were stored. Now, the exchange has taken to court to avoid the collapse, but some community members suggest that QuadrigaCX’s cold wallets never existed. QuadrigaCX has been granted an order for creditor protection in the Nova Scotia Supreme Court. Justice Michael …

A court-ordered lawyer will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5. According to CBC, the laptop that might provide access to $190 million of QuadrigaCX customer funds will be given to a monitor — an independent third party who is appointed by the court to monitor the company's operations during bankruptcy procedures. According to Jack Julian, CBC's reporter who is attending the hearing in Nova Scotia’s court today, Feb. 5, the laptop was previously held by QuadrigaCX representatives. As the assets were stored …

Embattled Canadian cryptocurrency exchange QuadrigaCX reportedly never had the $190 million in Bitcoin (BTC) it supposedly lost access to when its CEO unexpectedly died, new research claimed on Feb. 5. The report, published on cryptocurrency portal Zerononcense Blog, makes several claims about the true state of QuadrigaCX’s Bitcoin holdings, all of which contradict official statements. QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018. In January via an affidavit made by Cotten’s wife, it was revealed the exchange apparently had no access to its wallets, as Cotten had not …