Jerry Cotton
Ich weigere mich zu glauben, dass jemand wirklich Gerry Cotten heisst.
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Jerry Cotton
Ich weigere mich zu glauben, dass jemand wirklich Gerry Cotten heisst.
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Rwanda Government Orders Banks to Stop Facilitating Crypto-Related Transactions
According to the National Bank of Rwanda, the country’s regulated financial services providers are now prohibited from facilitating crypto-related transactions. In her Jan. 31 letter justifying the decision, the acting governor Soraya Hakuziyaremye cites the unregulated status of most crypto assets and how this leaves users without the “guarantees and safeguards associated with regulated…
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QuadrigaCX funds transfer: Is there a dead CEO on the block
QuadrigaCX funds transfer: Is there a dead CEO on the block
Five wallets moved over a million dollars’ worth of Bitcoin from QuadrigaCX Theorists believed that the exchange’s so-called dead CEO was behind the transfer After being dormant for years, five wallets connected to the now-defunct Canadian cryptocurrency exchange QuadrigaCX were exchanged for almost $1.7 million worth of Bitcoin [BTC] on 17 December. This information came […]
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[Movie Review] 'Trust No One The Hunt for the Crypto King' reminds us of the true value of any financial asset
[Movie Review] ‘Trust No One The Hunt for the Crypto King’ reminds us of the true value of any financial asset
The Globe and Mail in Trust No One The Hunt for the Crypto King. (Image credit: Netflix) My colleague in private equity used to remind me that it isn’t the price of something that matters – it’s the value. Knowing what the true value of something is far more important than knowing the price, which fluctuates constantly. And for Gerald Cotten, the titular Crypto King of Netflix’s Trust No One: The…
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QuadrigaCX trustee only has $30M to pay $171M worth of claims
QuadrigaCX trustee only has $30M to pay $171M worth of claims
The trustee of the controversial failed cryptocurrency exchange QuadrigaCX, Ernst & Young (EY), has revealed that it only has roughly $29.8 million in funds to distribute to claimants, despite receiving $171 million worth of claims.
In a Nov. 6 updatefiled with the Ontario Superior Court of Justice, EY revealed it has received 17,053 claims from customers who had entrusted their funds with the…
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Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says
Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says
QuadrigaCX operated like a Ponzi scheme.
That’s the key finding of an Ontario Securities Commission (OSC) report made public Thursday.
OSC, one of Canada’s provincial securities regulators, said the now-defunct cryptocurrency exchange, which went into bankruptcy a few months after founder and CEO Gerald Cotten was reported to have died in India, “was an old-fashioned fraud wrapped in modern…
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QuadrigaCX Judge Approves $1.6 Million in Expenses for EY, Law Firms
QuadrigaCX Judge Approves $1.6 Million in Expenses for EY, Law Firms
A Canadian judge approved more than $1.6 million in fees for firms that are seeking to recover funds from the now-defunct Canadian crypto exchange QuadrigaCX.
Nova Scotia Supreme Court Judge Darlene Jamieson ruled Wednesdaythat all activities undertaken and fees incurred by Ernst & Young (EY), Stikeman Elliot (EY’s legal counsel), Kirkland & Ellis (EY’s American legal counsel), Miller Thomson…
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