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QuadrigaCX

Amy Castor, Crypto Expert, Talks QuadrigaCX at MPWR Summit

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MPWR

MPWR

The MPWR crypto mining summit 2019 is already in full swing. Held at the Pan Pacific Hotel, Vancouver, the summit aims to bring blockchain enthusiasts together. With a host of informative talks and networking opportunities, the overarching goal is to showcase and develop blockchain infrastructure.

What’s caught our eye, in particular, is a talk to be given by crypto writer and expert, Amy Castor. Talking about the very recent QuadrigaCX scandal, Castor will give her thoughts on the polarizing issue that the controversy has brought to the fore.

Amy Castor at MPWR Crypto Mining Summit 2019

Since news of the QuadrigaCX scandal broke, Castor has closely followed the subsequent events as they unfold. A self-proclaimed Quadriga-obsessed writer, the Cambridge, MA-based journalist has not only written about the crypto exchange’s insolvency for multiple publications (including The BlockBitcoin MagazineCoinDesk, and Forbes), but she also has first-hand experience of Quadriga’s hearing in Halifax where she watched from the pews.

As such, her talk at MPWR should be informative and real as she aims to give exclusive coverage of QuadrigaCX.

Attendees to MPWR should be sure to check out her talk between 4:15-4:45 pm later today.

QuadrigaCX: What Happened?

For those not in the know, earlier this year, QuadrigaCX faced one of the most intriguing controversies to have hit the cryptosphere in some time.

In December 2018, the founder of Canada’s largest crypto exchange, Gerald Cotton, passed away when on a trip to India. He was the only individual to know the private keys that could access $136 million USD in cryptocurrencies stored offline. Because of this, the company itself has been unable to access the coins.

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Of course, how this transpires for the 115,000 QuadrigaCX users is that their cryptocurrency is now, in effect, lost.

Unable to pay the balance back to its traders, the company has filed for creditor protection as it works to try and retrieve the missing funds.

Amy Castor at MPWR

That’s only a brief recount of what happened. Castor should take you far more in-depth to what’s going on with QuadrigaCX and the developments surrounding the story.

So be sure to check out her talk and let us know what you think!

Featured Image: DepositPhotos © iqoncept

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The “Lost” QuadrigaCX Cryptocurrency Might Be on Exchanges After All

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QuadrigaCX

QuadrigaCX

There has been quite the turn of events with the “lost” QuadrigaCX cryptocurrency case recently. The digital tokens may have just been found! The cryptocurrency exchange’s founder, Gerald Cotton, died in December 2018 from Crohn’s disease, allegedly taking $190 million in crypto with him.

At the time, it was said that Cotton was the only individual to know the private keys of the cold storage wallet that held all of the company’s assets. Well, the digital currency may not have been held in cold storage after all.

QuadrigaCX Held on Kraken, Poloniex, and Bitfinex

According to an author at the cryptocurrency research company ZeroNonCense, the majority of the exchange’s Ethereum (ETH) was most likely stored on cryptocurrency exchanges. The author of the published report remains anonymous but strongly believes that the funds were kept on Kraken, Bitfinex, and Poloniex.

The information on the report was said to have come from Kraken’s CEO Jesse Powell and MyCrypto’s CEO Taylor Monahan. It was found that QuadrigaCX had accounts on all three crypto exchanges listed above and the funds held on these accounts were worth over $100 million.

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Two weeks ago, a report by Big Four audit firm Ernst & Young was released and claimed the exchange’s cold storage wallets have been “empty and unused” since April of 2018. With the wallets empty, it could very well be that ZeroNonCense’s report could be a possibility.

The author also believes that the founder’s widow and those working at the company may not have known about where the digital currency was held, as Cotton was found to be the only one managing and moving cryptocurrency. If the funds on these exchanges are found, the retrieval should be easy, and operations could resume.

At the time, QuadrigaCX has been granted creditor protection by the Supreme Court of Nova Scotia, giving the exchange a bit more time to try and locate and retrieve the funds.

Featured Image: Pixabay

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MPWR’s QuadrigaCX Talk: Amy Said It Best, How the Hell Did We Get Here?

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Vancouver, BC. March 13th 2019 – – Amy Castor, Forbes blockchain and crypto contributor, took the stage Monday afternoon at the MPWR Crypto Mining Summit 2019 to break down the incredibly engaging topic of QuadrigaCX.

The talk attracted a sold out room filled with crypto enthusiasts, founders and CEO’s of leading companies such as Bitfarms, Hive Blockchain, Outlier Solutions and Mining Sky, to hear the story of how a Vancouver based company experienced the deep downfall the crypto and blockchain industry can cause.

Amy’s comprehensible outline of the case was both eye …

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