QuadrigaCX to be Beyond Canadian Watchdog View

As explained, exchange hadn't trade in securities or derivatives so it shouldn't be controlled by the regulator
08 February 2019   843

The British Columbia Securities Commission reported that the QuadrigaCX cryptocurrency exchange, which owed millions of dollars to its customers, did not fall under its jurisdiction.

In a conversation with Reuters, a spokesperson for the department, Brian Kladko, explained that QuadrigaCX did not trade in securities or derivatives, and therefore should not be controlled by the regulator.

The CSA continues to urge Canadians to be cautious when considering buying crypto-assets through trading platforms.
 

Ilana Kelemen
Spokeswoman, CSA

At the same time, Canadian regulators were aware of QuadrigaCX activities since 2017, however, based on the information they had, no action was required on their part.

This week, the court agreed to provide QuadrigaCX 30-day protection against creditors' claims, while representatives of the exchange and the auditing company EY will try to restore, presumably, the assets blocked on the cold wallets of the exchange after the death of its owner

Bittrex to Go For Maintenance After 1/3 Funds Moved

Users suspects hack, but exchange says "funds are safe"
05 December 2019   75

The Bittrex cryptocurrency exchange has announced scheduled maintenance today, December 5, from 22:00 to 23:00 (GMT). On the eve, a third of its assets were transferred to an unknown wallet.

During maintenance, users will not be able to log into the system or use the APIs. Trading will be suspended.

On December the 4th, populat Twitter account posted that "43,564 #BTC (313,074,134 USD) transferred from Bittrex to unknown wallet." Users suspected that the exchange was hacked, but the exchange . 

Closures for scheduled maintenance only heightened suspicion. However, the Bittrex team assures that "that claim is false."