Canadian Regulators Will Not Help Quadriga Clients

10 Février, 2019, 21:42 | Auteur: Auguste Feret
  • Crypto CEO of Crypto Exchange Quadriga Filed Will 12 Days Before his Death Rick D

That's the position investors of Vancouver-based crypto company QuadrigaCX find themselves in after the company's CEO Cotten died suddenly from complications related to crohn's disease while traveling in India.

However, according to reports, the BCSC did not know about QuadrigaCX until 2017.

According to Bloomberg Brian Kladko, a spokesman for the British Columbia Securities Commission, revealed the agency now has no indications QuadrigaCX was "operating as a marketplace or exchange under British Columbia securities laws".

The circumstances surrounding Mr Cotten's death - and the way he conducted his business from the couple's home in Fall River, Nova Scotia - has led to a flurry of speculation and allegations in internet chat rooms, The Canadian Press reported.

This pattern does not look set to change, as the Canadian Securities Administrators (CSA) also issued another curtly worded statement on the matter, warning Canadian consumers against using crypto exchange platforms which it is keen to point out are all now unrecognised by the CSA or any other Canadian securities regulator.

The Canadian Securities Administrators, an umbrella group, published an investor alert last June urging Canadians to be cautious when considering buying crypto assets through trading platforms.

Court documents attached to the will include a statement of death from the J.A. Snow Funeral Home in Halifax, dated December 12, which says Cotten died in Jaipur on December 9.

Indians' Lindor (calf) out two months
The Indians said Lindor was evaluated Wednesday at the Cleveland Clinic , where a doctor confirmed a moderate calf strain. Even if it's for a week or two, the Tribe can't afford to have Lindor out of their lineup this season.

Sierra Leone declares rape a national emergency
Mr Bio said attacks on minors - which account for a third of all cases - would be punished with a life sentence. The views expressed therein are not necessarily those of stlucianewsonline.com, its sponsors or advertisers.

Florida Man Dances His Way to DUI Arrest During Sobriety Test
The man, Christopher Ryan Larson, of Trinity, was arrested on Tuesday, the day before he turned 34, according to jail records. The deputy asks Larson if he is 'complete with the exercise, ' but he just mumbles and continues his shuffle.

The same concerns have also been expressed from within the exchange's user community, with some unconvinced with the story behind Cotten's death.

QuadrigaCX has since been granted creditor protection by a Nova Scotia Supreme court, which essentially protects it from lawsuits while it figures the situation out. All they need to have is some money to charm the government employees who issue the death certificate. The certificate, which IndiaToday.in has been unable to verify, is dated December 13 and says that one "Gerald William Cottan" died at the Fortis Escorts Hospital, located in Jaipur's Malviya Nagar.

They said he had complained of watery stools, vomiting, crampy abdominal pain, and was feeling feverish.

The young Canadian man was already close to death when he was admitted to a hospital in the Indian city of Jaipur in early December.

Per the Times of India, Cotten was declared dead in the evening at 7.26 PM. Additionally, he was also feeling feverish.

Next, reports emerged that the cryptocurrency exchange was not even regulated as it claimed to be.

Back in October, the exchange was caught in another legal dispute with the Canadian Imperial Bank of Commerce [CIBC], which it accused of withholding and preventing access of funds worth $21.6 million.

Conseillé:



Populaire

Gilets jaunes : un mineur de 12 ans interpellé à Montpellier
Il a expliqué à la police vouloir également atteindre le drone employé par les forces de l'ordre durant leurs interventions. Présent depuis plusieurs semaines dans les rassemblements, il visait tout particulièrement les vitres de la préfecture.

MSI lance la carte graphique AMD Radeon VII gravée en 7 nm
Les premiers benchmarks sont tombés pour la Radeon VII et la nouvelle carte graphique d'AMD ne fait pas exactement l'unanimité. Un an et demi après la Radeon RX Vega 64 , AMD décline son architecture GPU Vega sur le procédé de gravure en 7 nm de TSMC.

Recycling plan for Olympic medals on track
They hit the target for bronze last June, and by October had more than 90 percent of the gold and 85 percent of the silver. For a long time now there has been a lot of talk about e-waste and how to deal with the magnanimity of the problem.

WWE Rumors: Huge matches confirmed for Fastlane PPV?
The third match that was reported was one between Seth Rollins and Bobby Lashley for the Intercontinental title. Reports have now indicated three huge matches that may be confirmed for Fastlane .

Hailey Baldwin finally reveals how Justin Bieber proposed
She also found herself the target of Bieber's fans, and many people on social media were also not optimistic about their marriage. He added: "I've been successful since I was 13, so I didn't really have a chance to find who I was apart from what I did".

Canadiens acquire Weise, Folin from Flyers for Schlemko, Froese
Schlemko, who was acquired in a trade with Vegas in June 2017, recorded two assists in 18 games with the Canadiens in 2018-19. Folin, a 27-year-old Swede, has been in 26 games with Philadelphia this season, recording two assists.

L'Allemagne met un frein à la collecte de données de Facebook
Dans une situation aussi difficile, le choix de l'utilisateur ne peut être considéré comme un consentement volontaire. Cette décision est une prise de pouvoir des autorités allemandes qui va surtout créer de la confusion en Europe.

La piste criminelle privilégiée — Incendie à Lyon
Le parquet de Lyon n'écarte " aucune hypothèse à ce stade " sur l'origine de l'explosion, accidentelle ou criminelle. La mairie a ouvert un gymnase pour accueillir les habitants des alentours, a expliqué Jean-Yves Sécheresse.

Amazon joins Microsoft in calling for regulation of facial recognition tech
Last July, Microsoft called for USA lawmakers to rein in facial-recognition technologies before they can abused. The company produced a five-point plan to responsibly regulate the technology when it comes to law enforcement.

Woody Allen poursuit Amazon pour rupture abusive de contrat — Accusations d’abus sexuels
Amazon a t-il été rattrapé par un regain de conscience? Amazon a sorti deux autres films de Allen, Wonder Wheel et Cafe Society . En juin 2018, Patel aurait envoyé un courrier électronique indiquant qu'Amazon avait résilié le contrat sans donner de raison.