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Late Quadrigacx CEO Used Personal Funds to Fulfill Withdrawals

Jennifer Robertson, the widow of late Quadrigacx chief executive officer Gerry Cotten, has revealed that customer withdrawals were processed using personal funds in a statement published yesterday. The document also indicates that law firm Stewart McKelvey has withdrawn from representing Quadrigacx during the Companies’ Creditors Arrangement Act process due

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Quadrigacx Cold Wallet Was Stored in a Safety Deposit Box

In a 2014 appearance on the True Bromance Podcast, Gerry Cotten, the late CEO of embattled Canadian cryptocurrency exchange Quadrigacx, made comments indicating that the exchange was storing customer funds using paper wallets. Cotten also compared losing the private keys for a bitcoin wallet to “burning cash.” Also Read: Market Cap:

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Report Claims Quadrigacx Never Held More Than 1,000 BTC

The drama surrounding Canadian cryptocurrency exchange Quadrigacx continues to intensify, with a recent report by Zernoncense claiming that the exchange has no identifiable cold storage reserves and that it has never held more than 1,000 BTC in customer funds. Also Read: Kraken Acquires British Derivatives Platform Crypto Facilities Report Refutes Claims of

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