FBI to Ask QuadrigaCX Users to Help Investigation

Among other things asked in the questionnaire, published at agency's site, users are being asked to provide logins and clarify had they passed verification
05 June 2019   370

The Federal Bureau of Investigation (FBI) appealed to former QuadrigaCX users of the Bitcoin exchange, who suffered as a result of its collapse, to help with establishing the circumstances of the incident. This is reported by the Cointelegraph.

In particular, a questionnaire has been published on the agency’s website, the answers to which the FBI plans to use as part of an ongoing investigation.

Among other things, users are asked to report logins on QuadrigaCX and clarify whether they have passed verification. It is also required to indicate what approximate balance users had on their accounts as of January 31, 2019 and when they conducted the last transaction on the platform.

Additionally, the FBI asks to provide other related information, including deposit addresses and account statements.

In January the QuadrigaCX exchange went offline, citing the maintenance on the site as a reason. Later it turned out that the site had lost access to $ 190 million in the accounts of its users, and some of the Ether was withdrawn from the exchange on the eve of the death of its founder Gerald Cotten.

In early February, due to an error, QuadrigaCX lost $370k cryptocurrency.

In April, the Supreme Court of the Canadian province of Nova Scotia ordered QuadrigaCX to begin bankruptcy proceedings. At the same time, based on data from Ernst & Young auditor, Judge Michael Wood, stressed that the restructuring of the business are unlikely.

Authorities to Study Bankrupt QuadrigaCX

Canada Revenue Agency sent a request for access to the tax info from Oct. 1 2015 to Sep. 30, 2018
18 September 2019   43

The Canadian Revenue Agency (CRA) intends to examine corporate declarations that ceased to exist as a result of the bankruptcy of the QuadrigaCX bitcoin exchange, The Globe and Mail reports.

CRA sent a request for access to the tax reporting of the exchange from October 1, 2015 to September 30, 2018, that is, on the date when QuadrigaCX tentatively began problems with the withdrawal of funds.

The E&Y auditor, acting as the trustee of the exchange, intends to discuss the tax request and obtain permission from the court to disclose information.

At the same time, the company noted that one way or another they are forced to comply with the CRA requirements, although this will take a lot of time and delay the payment of compensation to victims.

At the beginning of the year it became known that QuadrigaCX lost access to user funds by $ 190 million, and somewhat later, Indian authorities confirmed the death of the founder of the exchange, Gerald Cotten.