What is QuadrigaCX?

That education also gave Mr. Cotten with the wile and the nerve he needed for the business he eventually co-founded and operated as an adult: QuadrigaCX. Launched in late 2013, it became Canada’s largest cryptocurrency exchange.

Is QuadrigaCX tied to Wonderland?

The now-defunct crypto platform QuadrigaCX went down as possibly the biggest crypto scam in history. Although the scandal was almost out of the news, QuadrigaCX has started circulating headlines again. This time, the platform is tied to the DeFi crypto company Wonderland. What's the tie between the two companies? What's the QuadrigaCX scandal?

What happened to QuadrigaCX?

Once Canada's largest cryptocurrency exchange, co-founded by Cotten in 2013, QuadrigaCX ceased operations in late January 2019. The company then filed for bankruptcy in April 2019, with CA$215 million ($172 million) in liabilities and about CA$28 million ($22 million) in assets, reported by The Ottawa Citizen.

How much money does QuadrigaCX have?

Along with 35,000 Bitcoin Gold ($352,000), the company has an estimated 200,000 Bitcoin ($6.5 million) and 430,000 Ether ($46 million). Totaling $147 million, Cotten was the only person with access to QuadrigaCX’s funds. A stay of proceedings was requested while the company attempted to recoup the funds to no avail.