Cover photo: Quadriga cofounder Lovie Horner The QuadrigaCX story has fast dissolved from a tale of a locked laptop holding hundreds of millions of dollars to what may very well be the biggest case of corporate wrongdoing to ever hit Nova Scotian shores. Named for Apollo’s four-horsed chariot of the gods carrying sunlight to the Earth, Quadriga presented itself...
The $260 million QuadrigaCX mystery
When 30-year-old Fall River resident Gerald Cotten died unexpectedly, the location of some $260 million in cash and cryptocurrency went to the grave with him.
The first clue something was wrong to users of QuadrigaCX, Canada’s largest cryptocurrency exchange, was when its website was suddenly replaced by a website maintenance notice last week. What QuadrigaCX’s 363,000 clients, 115,000 of them carrying balances in their accounts, would soon learn was the only person who knew where some $260 million of their money was and how...