[ad_1]
The Ontario Securities Commission (OSC) has launched an investigation into Canada's major currency swap, QuadrigaCX, Reuters reported on February 8.
The Ontario Securities Commission is reported to have told Reuters that "considering the potential risks to Ontario investors, we are reviewing this matter and have already contacted the controller." OSC spokesperson Kristen Rose refused to say whether that meant that the Commission was formally investigating. l & # 39; exchange.
The news comes as a result of the British Columbia Securities Commission's badertion that it would not regulate QuadrigaCX, as the company apparently did not show any signs of trading in securities or derivatives or stock exchanges in general. The above-mentioned prejudice allegedly refers to the US $ 190 million ($ 145 million) missing stock market funds discovered after the death of QuadrigaCX founder Gerald Cotten in December.
Quadriga was unable to access its cold portfolios where it held most of the badets, as Cotten was solely responsible for the portfolios and keys. Cold portfolios are digital badet storage systems that are not connected to the Internet, which prevents users from being hacked. The exchange would apparently only have C $ 375,000 ($ 286,000) in cash, while it owed C $ 260 million ($ 198,435,000) to its users.
The crypto community has been skeptical about the circumstances surrounding Cotten's death, particularly after the announcement of his will, according to which his wife, Jennifer Robertson, would be the sole beneficiary of his estate and had been released 12 days before his death. Robertson said in an affidavit: "I do not know the pbadword or the recovery key. Despite repeated and diligent searches, I could not find them written anywhere. "
Last year, Canadian Imperial Bank of Commerce (CIBC) froze five accounts belonging to Quadriga's payment processor, Costodian Inc., and its owner, Jose Reyes, for a total of $ 21.6 million. The bank reportedly froze the accounts because of its inability to identify the owners of the funds.
[ad_2]
Source link
