$190M missing after crypto exchange Quadriga CEO dies

Canadian cryptocurrency exchange Quadriga CX is missing approximately $190-million in funds after the company reported the sudden death of its young founder in December, according to an application for creditor protection filed Thursday. Quadriga Fintech Solutions Corp., which owns and operates the exchange, is facing a “liquidity crisis” and has only $375,000 in cash while owing the equivalent of more than $260-million to approximately 92,000 users, according to an application for relief under the Companies’ Creditors Arrangement Act (CCAA) filed in the Nova Scotia Supreme Court. Ms. Robertson’s affidavit notes there has been a significant amount of comment on Reddit and other forums about Quadriga, including speculation about whether Mr. Cotten is actually dead.

Source: www.theglobeandmail.com