Month: August 2019

Zoo's only RVN blazes trail – vet times

Zoo’s only RVN blazes trail  vet times

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Quadriga trustee says four agencies probing company, including RCMP

Four law-enforcement and regulatory agencies, including the RCMP and the Ontario Securities Commission, are investigating QuadrigaCX, according to the trustee overseeing the now-defunct cryptocurrency exchange’s bankruptcy proceedings.

Ernst & Young says it has received formal document requests relating to some of the investigations, including from the RCMP’s financial crime division in Milton, Ont., and is looking to move the case from Halifax to Toronto to make it less costly to comply with the probes.

Ontario’s securities watchdog said on Tuesday that it has also launched an investigation into the matter. Both the commission and the RCMP declined to elaborate on the nature of their investigations.

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Once Canada’s largest cryptocurrency exchange, Quadriga was shuttered earlier this year after the sudden death of its 30-year-old chief executive. Gerald Cotten died of complications relating to Crohn’s disease while on his honeymoon in India, where he was also set to visit an orphanage he had helped fund. Since his death in December, an estimated 76,000 Quadriga users have been unable to access roughly $214.6-million of their funds – much of which is missing.

Ernst & Young didn’t specifically name all four of the agencies that are conducting investigations. But in addition to the RCMP and the securities watchdog, the U.S. Federal Bureau of Investigation has indicated that it is probing the matter and the Canada Revenue Agency has requested related court documents.

The FBI’s victim-services division posted a survey on its website in June seeking information from Quadriga users about their account balances and transactions they performed on the exchange. The questionnaire notes that responses are voluntary, “but would be useful in the federal investigation and to identify you as a potential victim” and that respondents may be contacted by the FBI to provide additional information.

Ernst & Young said…


tZERO to Add Ravencoin to its Wallet and Trading App

tZERO, the blockchain technology providing subsidiary of online retailer, has announced the addition of ravencoin (RVN) to the list of cryptoassets supported by its crypto-wallet and trading app.

Investors with devices that use both Apple’s IOS and the Android operating systems will be able to trade ravencoin alongside bitcoin and ether, which are already supported by the app, the company said in a press release.

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