1. 02-05-19 02:56 AM #1
    xraygord
    xraygord's Avatar Become A Pro!
    Join Date: 09-18-09
    Posts: 2,599
    Betpoints: 322

    Quadriga Crypto Currency Exchange Gone Bankrupt

    Canada's largest cryptocurrency exchange Quadriga is due in court Tuesday as it seeks creditor protection in the wake of the sudden death of its founder and chief executive in December and missing cryptocurrency worth roughly $190-million.
    The Vancouver-based exchange filed an application for creditor protection on Jan. 31 and the Nova Scotia Supreme Court will be asked on Feb. 5 to appoint a monitor to oversee the proceedings, according to a post on its website, which has been otherwise shut down.
    Quadriga owes $70 million in currency and an additional amount of cryptocurrency valued at approximately $180 million, based on market prices in December, to roughly 115,000 users, it said in its application.

    https://www.ctvnews.ca/business/cana...tion-1.4282216
    Reply With Quote Reply With Quote
  2. 02-05-19 05:49 AM #2
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10



    your going to see many more go down
    Reply With Quote Reply With Quote
  3. 02-05-19 07:43 AM #3
    Chi_archie
    GASPING FOR AIR
    Chi_archie's Avatar SBR PRO
    Join Date: 07-22-08
    Posts: 63,130
    Betpoints: 2368

    Reply With Quote Reply With Quote
  4. 02-05-19 07:49 AM #4
    k13
    k13's Avatar Become A Pro!
    Join Date: 07-16-10
    Posts: 17,533
    Betpoints: 1800

    Owner/owners stole the money and faked death.

    Nothing really to with crypto price.

    Site was in trouble for months.
    Reply With Quote Reply With Quote
  5. 02-05-19 09:09 AM #5
    Al Masters
    Al Masters's Avatar Become A Pro!
    Join Date: 04-29-06
    Posts: 6,936
    Betpoints: 11516

    Got be very dedicated to run around
    India with Crones disease trying to help
    others.

    From what I understand when you have Crones
    you start to panic when you’re 20 minutes away
    from a toilet.

    Plus he’s running around India with his
    labtop which contains info and keys wallets etc etc.
    then he dies then you only hear of it a
    month later.

    Like Tony.. Gone or living the lap of luxury.
    Reply With Quote Reply With Quote
  6. 02-05-19 01:15 PM #6
    bonzaii
    bonzaii's Avatar SBR PRO
    Join Date: 07-07-17
    Posts: 4,976
    Betpoints: 287

    So I'm sure the Canadian government is going to do something about this to make everything right.
    Reply With Quote Reply With Quote
  7. 02-05-19 01:34 PM #7
    Foxx
    Foxx's Avatar Become A Pro!
    Join Date: 05-25-11
    Posts: 5,751
    Betpoints: 11848

    That's a shame.
    Reply With Quote Reply With Quote
  8. 02-05-19 06:34 PM #8
    d2bets
    d2bets's Avatar SBR PRO
    Join Date: 08-10-05
    Posts: 39,775
    Betpoints: 21629

    Crypto folks gotta plan for the crypt.
    Reply With Quote Reply With Quote
  9. 02-05-19 06:49 PM #9
    danwinkler
    danwinkler's Avatar Become A Pro!
    Join Date: 05-22-18
    Posts: 461
    Betpoints: 66

    Guy got married in October. Wrote his will in November (the will included a 100k each for each of his dogs!) and died in December. But he did nothing to protect the company. Well orchestrated by them. But the guy who is died/got killed may just be a hired face of the company.

    Real guy is someone named Omar something/Michael Patryn....was a fugitive wanted criminal in usa for identity theft and many criminal charges.
    Reply With Quote Reply With Quote
  10. 02-05-19 10:14 PM #10
    jjgold
    jjgold's Avatar Become A Pro!
    Join Date: 07-20-05
    Posts: 388,190
    Betpoints: 10

    The lower the price gets the more you gonna see of this
    Reply With Quote Reply With Quote
Top
« Previous Thread | Players Talk | Next Thread »