Cryptocurrency Analysis and News Portal
Summary: Netflix will premiere a documentary on the events surrounding the death of the founder of QuadrigaCX, Gerald Cotten Cotten was reportedly the sole handler of QuadrigaCX’s cold wallet His death resulted in QuadrigaCX filing for creditor protection and its customers suffering losses to the tune of $190 million Conspiracies continue to haunt Cotten’s
Read More
On Friday, Daniele Sestagalli, co-founder of decentralized finance, or DeFi, protocol Wonderland and stablecoin protocol Abracadabra, issued a statement on the path forward after the doxing of his colleague Michael Patryn:“Do we wind down or continue to fight for the aspect of an investment DAO [decentralized autonomous organization] being a
Read More
Prices of tokens created by Daniele Sestagalli, one of the developers of Avalanche-based money market Wonderland, fell as much as 22% in the past 24 hours amid drama around Wonderland’s cofounders.In the past 24 hours, Popsicle Finance’s ICE fell 22%, Wonderland’s TIME fell 15%, and Abracadabra’s SPELL dropped 15% to
Read More
While reserve-based crypto assets like gold tokens and stablecoins have been able to weather the crypto market carnage over the last two weeks, rebase tokens like wonderland (TIME), and Olympus (OHM) have seen massive losses. Wonderland is down more than 96% since the crypto asset’s all-time high (ATH), and OHM
Read More
Wonderland’s TIME tokens fell 32% in European hours after blockchain sleuths revealed "Sifu," a core member of the founding team, is allegedly a long-time serial scammer, with a conviction and deportation on his record. He was also the co-founder of QuadrigaCX, a failed Canadian cryptocurrency exchange.Avalanche-based Wonderland has been among
Read More
Online streaming platform and production company Netflix will be producing a film on deceased crypto exchange QuadrigaCX founder Gerald Cotten.In a Thursday tweet from Netflix, the platform announced that the documentary Trust No One: The Hunt for the Crypto King will premiere in 2022. The story, which follows “a group of investors turned
Read More
The trustee of the controversial failed cryptocurrency exchange QuadrigaCX, Ernst & Young (EY), has revealed that it only has roughly $29.8 million in funds to distribute to claimants, despite receiving $171 million worth of claims.In a Nov. 6 update filed with the Ontario Superior Court of Justice, EY revealed it
Read More
Close to 17,000 creditors of the now-shuttered Canadian crypto exchange QuadrigaCX have filed to reclaim their lost assets.Details of the claims were revealed in an interim status report published on May 12 by Ernst & Young (EY), the trustee for QuadrigaCX’s ongoing bankruptcy proceedings.Details of submitted claims so farThe report
Read More
EY, the court-appointed bankruptcy trustee for the defunct Canadian crypto exchange QuadrigaCX, has been asked to submit all of the exchange’s user information to the Canada Revenue Agency (CRA).Court documents filed with the Ontario Superior Court of Justice on March 24 detail the demand, which spans 750,000 documents on
Read More
QuadrigaCX creditors’ claims have caught the eye of Argo partners. Argo Partners is a New York investment firm whose niche includes creditor’s claims, bankruptcies, insurance liquidations among others. Sources indicate that the investment firm is already communicating with impatient creditors. Ernst & Young that is the court-appointed bankruptcy trustee is
Read More