What is the current status of QuadrigaCX Bitcoin exchange?

3 answers

• Robert WachiraSep 22, 2021 · 4 years ago
  As of the latest information available, QuadrigaCX Bitcoin exchange is no longer operational. The exchange faced significant issues and went offline in early 2019. It was later revealed that the exchange's founder and CEO, Gerald Cotten, had passed away, resulting in the loss of access to the exchange's cold wallets where the majority of customer funds were stored. This unfortunate event has left many customers unable to access their funds, and the exchange is currently going through bankruptcy proceedings. It's important to note that this situation has raised concerns about the security and regulation of cryptocurrency exchanges, highlighting the need for increased transparency and safeguards in the industry.
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• tiam230Jul 21, 2022 · 3 years ago
  QuadrigaCX Bitcoin exchange is no longer active. The exchange faced a series of challenges and ultimately shut down in early 2019. The sudden closure of the exchange left many customers in a difficult situation, as they were unable to withdraw their funds. The subsequent investigation revealed that the exchange's founder had sole control over the cold wallets, and his untimely death resulted in the loss of access to those wallets. This unfortunate incident has raised questions about the security practices and regulatory oversight of cryptocurrency exchanges.
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• Truong Quang Minh FGW CTApr 17, 2022 · 3 years ago
  QuadrigaCX Bitcoin exchange is no longer in operation. The exchange encountered significant issues and ceased operations in early 2019. The sudden closure of the exchange left many customers unable to access their funds, as the majority of the funds were stored in cold wallets that were only accessible by the exchange's founder. Unfortunately, the founder passed away, resulting in the loss of access to those wallets. This incident has highlighted the importance of implementing proper security measures and regulatory oversight in the cryptocurrency industry to protect the interests of users.
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