The Canadian bitcoin exchange QuadrigaCX, without any prior notice, went offline on Monday evening, citing technical work on the site as a reason.
Our site is down for maintenance. We apologize for the inconvenience this may cause. We appreciate your patience, and will keep you updated as we know more. Thank you.
Exchange has not left any additional comments, whose clients have been trying to withdraw funds for several months without success, but users actively comment on the events in social networks.
In addition to explainable dissatisfaction with the fact that QuadrigaCX has stopped working without warning, there are also suggestions that the company is preparing to declare bankruptcy.
Over the past few months, QuadrigaCX has experienced problems with banking services. So, in October it became known that the exchange is not able to satisfy requests for withdrawal of funds due to the blocking of accounts associated with the payment operator Costodian Inc. servicing the site.
The story was continued in November, when the Supreme Court of Ontario refused to return the exchange of $ 19.6 million from its bank accounts. These funds had to be transfered by the Canadian Imperial Bank of Commerce (CIBC) to the accounting of the High Court to establish their owners.
The indicated amount, according to the court, could belong to QuadrigaCX itself, on which its management and Costodian insisted, or 388 users which placed these funds as deposits.
The situation took an unexpected turn this month, when the stock exchange announced the sudden death of its CEO and President Gerald Cotten. QuadrigaCX has not yet provided evidence to confirm his death, but one theory is that the exchange does not have access to cold wallets, since only Cotten had access to them.
Earlier in January, representatives of the exchange notified users through social networks and letters that they had made some progress in the matter of returning funds, managing to settle disputes with CIBC.
In particular, in his letter dated January 15, temporary CEO of the company Aaron Matthews stated that the exchange expects to complete the refund process within two weeks, but this period expires today, and judging by the comments on Reddit, customers have not yet made their money have seen.
It also reported that on last Friday there should be a meeting of shareholders of the company. A new management team should have been chosen, but whether the meeting was held in reality is still unknown.