If you’re news-savvy, into cryptocurrency, or just Canadian, chances are that the word “QuadrigaCX” has come across your radar sometime within the last week.
The Vancouver-based exchange has grabbed headlines across the world for what has become a rather messy and wild tale. The story has it all–death, money, possible deception, and lots of conspiracy theories.
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Now, as much as $190 million is at large, and at least 90,000 frustrated users have been unable to withdraw their funds from the exchange for weeks–some of them for months.
The exchange’s troubles reached a boiling point last week when the exchange went completely offline. The entire QuadrigaCX website was replaced with an announcement that the exchange had filed for “credit protection” (in other words, bankruptcy) with the Nova Scotia Supreme Court.
Welp, I was just on the site and got booted to this. So either something good is coming or… that’s all folks ? #quadrigacx #crypto $canada pic.twitter.com/soVJaJUXLu
— ilo photo (@ilo_photo) January 28, 2019
Previously, QuadringaCX claimed that Michael Patryn exited the company years ago.
There Is Not Conclusion–Yet
Of course, these theories are nothing more than conjecture at this point in time. The tale is complicated, and its conclusion still seems to be far away in the future.
Until then, we can hope that the truth–whatever it is–will become clear.
This is a developing story. Finance Magnates will continue to progressively report on any developments. In the meantime, please comment with your thoughts and insights below–we’d love to hear from you.