QuadrigaCX to Enter Bankruptcy Officially

Earlier, during audit Ernst&Young wasn't able to find 26k BTC on the cold wallets of exchange
09 April 2019   409

The Supreme Court of the Canadian province of Nova Scotia represented by Judge Michael Wood ordered the QuadrigaCX cryptocurrency exchange to begin bankruptcy in the coming days. Wood, based on data from Ernst&Young auditor, stressed that restoring and restructuring a business is not the best option, CoinDesk reports.

It should be noted that in the framework of the bankruptcy procedure, E&Y will become the trustee of the exchange, it will receive more powers in the context of investigating the loss of user funds and the ability to sell assets held by the business to cover the losses of creditors.

At the same time, the mode of protection against creditors' claims will last at least until April 18 - until the next court hearing.

E&Y will also monitor the bank account activity of the widow of QuadrigaCX founder Gerald Kotten, since the audit firm suggests that business funds could be misused.

Earlier, E&Y could not detect 26,000 BTC on the cold wallets of the Canadian Bitcoin exchange.

Poloniex to Bring Back the Trollbox

According to Poloniex owner, the "most frequent request has been, “BRING BACK THE TROLLBOX”, a general topic chat  
19 June 2019   180

Due to numerous requests from users, the Bitcoin exchange Poloniex activated a general chat, better known as Trollbox.

You’ve been asking for it and we’re excited to tell you IT’S HAPPENING: Trollbox is back! Poloniex’s Trollbox is the original forum for traders to talk all things crypto. Our legendary mods are ready to go, armed as always with the mighty Banhammer to maintain order.
 

Poloniex Team

From now on, traders can again communicate on a wide range of topics without leaving the stock exchange, and moderators will use the legendary ban-hammers in case of violation of the rules.