The events of the cryptocurrency exchange QuadrigaCX, which marked 2019, are still not over, and it does not look like they will end anytime soon. Gerald Cotten, who is the founder and CEO of the exchange, has made many transactions and opened accounts with customers' funds from different exchanges, according to the report of the audit firm appointed by the court.

Ernst & Young claimed in a 70-page report published Wednesday that Gerald transferred millions of dollars of client funds to other exchanges and used them to spend his personal life in luxury. It is estimated that Cotten generally stole more than $ 200 million from its customers.

“Significant volume of crypto money transfers were made outside of the Quadriga platform and directly to Mr. Cotten's account on competing exchanges. Apparently, user-owned cryptocurrencies were both normally bought and sold on some exchanges and held back in margin trading accounts created by Mr.

Losses and transaction fees arising from Cotten's transactions have "seriously damaged Quadriga" and the audit firm is still investigating multiple wallets, whose owners cannot determine who they are.

It is estimated that between 2016 and 2018, Cotten transferred 9,450 Bitcoin, 387,738 Ethereum and 239,020 Litecoin and made a profit of $ 88 million, $ 105 million and $ 33 million, respectively, with the prices at that time. 👍

The OSC authority performed an investigation and you can find fast informations here: https://www.cbc.ca/news/business/osc-quadriga-gerald-cotten-1.5607990
Only 48 millions were recovered, a smal part of what disappeared by fraud. Further details here in the OSC website: https://www.osc.gov.on.ca/quadrigacxreport/
I suggest you to contact OSC to get further informations, for example: here I am, another victim, can I recover my account (may be part of funds are available) . Hope you’ll solve.

I add OSC contact Centre: https://www.osc.gov.on.ca/en/contactus_index.htm

Try the basic combination of the number# 55744.

Also, check out safe havens in Bahama, Bermuda, Jersey Island and Malta.

Check into Singapore banking as well as TETHER in Hong Kong and banking in Macau.

Complex if there is no longer the person who had the credentials at least, a duplicate access should be left

It is difficult to set out with claims, but you have to be faithful. You must find concrete evidence and even sue.

The events of the cryptocurrency exchange QuadrigaCX, which marked 2019, are still not over, and it does not look like they will end anytime soon. Gerald Cotten, who is the founder and CEO of the exchange, has made many transactions and opened accounts with customers' funds from different exchanges, according to the report of the audit firm appointed by the court.

Ernst & Young claimed in a 70-page report published Wednesday that Gerald transferred millions of dollars of client funds to other exchanges and used them to spend his personal life in luxury. It is estimated that Cotten generally stole more than $ 200 million from its customers.

“Significant volume of crypto money transfers were made outside of the Quadriga platform and directly to Mr. Cotten's account on competing exchanges. Apparently, user-owned cryptocurrencies were both normally bought and sold on some exchanges and held back in margin trading accounts created by Mr.

Losses and transaction fees arising from Cotten's transactions have "seriously damaged Quadriga" and the audit firm is still investigating multiple wallets, whose owners cannot determine who they are.

It is estimated that between 2016 and 2018, Cotten transferred 9,450 Bitcoin, 387,738 Ethereum and 239,020 Litecoin and made a profit of $ 88 million, $ 105 million and $ 33 million, respectively, with the prices at that time. 👍

https://www.cbc.ca/radio/checkup/how-are-you-doing-christmas-differently-1.5828195/ultra-cold-storage-and-slowing-transmission-your-covid-19-vaccine-questions-answered-1.5830788

The clue is in the word QUADRIGA. It has 4 ways of thought; realism, idealism, analysis and pragmatism all run by the 5th way: SYNTHESISM. If you also think of the four main exchanges and put the blocks within the corporation symbol you will most likely find some clue as to the covalent number within an algorithm that he used to hide the key to all 5 numerals.

Also, make certain you check out the banks of the Isle of Jersey. It is right under your nose yet most don't even give it a second thought. It is within the British Commonwealth of Nations but within the Sovereign's Domain.

Complex if there is no longer the person who had the credentials at least, duplicate access should be left

The FBI published a survey for victims. The survey asked for personally identifying information, contact information and details about QuadrigaCX accounts."If you have questions or concerns regarding your QuadrigaCX account, or you think you are a victim, be sure to find and fill out the questionnaire"

“Significant volume of crypto money transfers were made outside of the Quadriga platform and directly to Mr. Cotten's account on competing exchanges. Apparently, user-owned cryptocurrencies were both normally bought and sold on some exchanges and held back in margin trading accounts created by Mr.

Losses and transaction fees arising from Cotten's transactions have "seriously damaged Quadriga" and the audit firm is still investigating multiple wallets, whose owners cannot determine who they are.

It is estimated that between 2016 and 2018, Cotten transferred 9,450 Bitcoin, 387,738 Ethereum and 239,020 Litecoin and made a profit of $ 88 million, $ 105 million and $ 33 million, respectively, with the prices at that time. 👍
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A document released on Tuesday by Ernst & Young (EY), a consulting firm acting as a trustee, states that nearly 17,000 users of the failed QuadrigaCX cryptocurrency exchange have applied for damages. However, lawyers believe that it may take years before any of them will receive at least a cent of the remaining funds.

Canadian lawyer Evan Thomas (Evan Thomas), referring to the bankruptcy trial of a large Tokyo bitcoin exchange Mt.Gox, which went bankrupt in 2014, believes that cases related to the bankruptcy of cryptocurrency companies take years. And the QuadrigaCX case is only in its second year.

The same opinion is shared by Magdalena Gronowska, one of the members of the creditors ' committee representing the interests of former clients of the exchange, and Tong Zou, a QuadrigaCX user, who claims that he lost all his savings ($400,000).

The total amount of claims is approximately $300 million, and if all goes well, the victims of the ill-fated exchange can at best count on a tenth of the lost funds, since Ernst & Young has currently been able to access only $30 million in various cryptocurrencies.

Ernst & Young said that before the distribution of funds among the affected users, all assets will be converted into Canadian dollars, but did not specify exactly how the value of cryptocurrencies will be estimated.

The process of distributing compensation can take a long time: Miller Thomson, which represents the interests of QuadrigaCX users, published a document according to which the Tax Service of Canada must file a lawsuit against the exchange before any funds can be distributed.

In addition, affected users can challenge the decision of the trustee - if one of them decides that he is owed more, this dispute will have to be resolved in court.

The founder of the QuadrigaCX exchange, 30-year-old Gerald Cotten, died unexpectedly in December 2018. According to the testimony of his widow, Jennifer Robertson, dated January 31, 2019, only Cotten had sole access to client funds that were contained in the exchange's cold wallet. In March 2019, the FBI became interested in the case.

New facts of Cotten's biography were revealed in June 2019 — Ernst & Young published a report revealing numerous cases of illegal appropriation of funds by Cotten of Quadriga users. "The user funds received and held by Quadriga appear to have been used by Quadriga for a number of purposes other than funding the withdrawal of funds by users," the report said.

Instead of storing users 'funds exclusively in Quadriga's hot and cold wallets, Cotten transferred large amounts to his personal accounts on competitors' exchanges. According to EY, Cotten either exchanged user funds or used them as collateral for his margin trading activities.

The investigation also revealed that Cotten and his wife had withdrawn "significant amounts of fiat money"from the exchange. Over the past few years, a couple of revellers have acquired — either personally or through their companies-a large number of assets, including real estate and movable property. According to the report, the couple did not deny themselves travel, using private planes.