The Misterious Story Of Canadian Company Quadriga X

The company's CEO and founder, Gerald William Cotten [May 11, 1988 - December 9, 2018] [2], died unexpectedly in December 2018, after travelling to India. Up to C$250 million (US$190 million) owed to 115,000 customers were missing[3] or could not be accessed because only Cotten held the password to off-line cold wallets.[4][5][6] Quadriga likely never invested the funds entrusted to it, according to Chainalysis, a cryptocurrency tracking firm. Either the funds were never received or quickly went missing. "What Quadriga really did with the money that customers gave it to buy Bitcoin remains a mystery," according to Chainalysis.[7] Ernst & Young was appointed as an independent monitor while Quadriga was granted temporary legal protection from its creditors under the Companies' Creditors Arrangement Act.[8][9] On April 8, 2019 the firm entered bankruptcy under the Bankruptcy and Insolvency Act as the possibility of a successful reorganization appeared to be remote.[10][11] The Royal Canadian Mounted Police (RCMP) and the U.S. Federal Bureau of Investigation (FBI) were reportedly investigating the company.[12] https://www.instagram.com/abrar.ahme/ Youtube -https://www.youtube.com/pubg gamerz official Please Subscribe My Channel Like.comment .and share For more Vedios subscribe My channel