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      02-06-2019, 07:12 AM   #1
MrRoboto
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Canadian cryptocurrency exchange QuadrigaCX seeks creditor protection after founder's

Have any of you been following this story? Sounds fishy to me.

https://www.cbc.ca/news/business/qua...ency-1.5005236
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      02-06-2019, 07:17 AM   #2
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I've been watching this story and was going to post it to the thread on Crypto.....I have no interest in putting any money into this, and that was before this happened. What a mess.
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      02-06-2019, 07:32 AM   #3
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Quote:
Originally Posted by MrRoboto View Post
Have any of you been following this story? Sounds fishy to me.

https://www.cbc.ca/news/business/qua...ency-1.5005236
Its difficult to hide any wrongdoing here. the founder died, and took with him, the keys to the vault so to speak. Fortunately, as with any crypto asset, the vault has a huge window in the front that anyone can see into. If the funds do still exist in cold storage, someone would just need to know the address to verify it.

Not saying its not BS, but saying if it was, it would be nearly impossible to hide from the public
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      02-06-2019, 07:32 AM   #4
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Quote:
Originally Posted by Grumpy Old Man View Post
I've been watching this story and was going to post it to the thread on Crypto.....I have no interest in putting any money into this, and that was before this happened. What a mess.
I'm not convinced the guys is even dead and/or the whole things was a sham. He filed his will 12 days before his death?

I would bet we will see more strict regulation around cryptocurrencies after this.
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      02-06-2019, 07:36 AM   #5
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Quote:
Originally Posted by MrRoboto View Post
I'm not convinced the guys is even dead and/or the whole things was a sham. He filed his will 12 days before his death?

I would bet we will see more strict regulation around cryptocurrencies after this.
Could be, from his pic he looks or looked young and healthy. Died in India in December, could be a fraud.

Last edited by Grumpy Old Man; 05-13-2019 at 10:43 AM..
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      02-06-2019, 07:37 AM   #6
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Take a look at this.

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      02-06-2019, 07:43 AM   #7
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Quote:
Originally Posted by MrRoboto View Post
Take a look at this.

Interesting.

The bit about not disclosing their cold storage accounts is fairly common from what I've seen. But yeah, I'm on board with the "fishy" part as well.
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      02-06-2019, 04:05 PM   #8
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      02-06-2019, 07:31 PM   #9
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Crypto is the safest form of currency and its value will only rise.
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      02-07-2019, 07:39 AM   #10
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Quote:
Originally Posted by BayMoWe335 View Post
Crypto is the safest form of currency and its value will only rise.
Clients of QuadrigaCX would beg to differ.
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      02-07-2019, 08:13 AM   #11
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Clients of QuadrigaCX would beg to differ.
I would hope he was being sarcastic.
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      02-07-2019, 09:30 AM   #12
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I would hope he was being sarcastic.
I can't tell anymore.
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      02-07-2019, 03:08 PM   #13
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Anyone with any knowledge on crypto(which you should have if you own any) knows that a coin/crypto is not actually yours if it is on an exchange. If it is on an exchange, you do NOT own the private keys to those coins, so if something happens or they go under, or they dont want to give it to you then you're kind of S.O.L. If you own crypto it needs to be stored on a hardware wallet(like a Ledger Nano) or even a paper wallet so that you make sure you have the private keys to your coins and that you are responsible for them/what happens to them.
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