cryptocurrency

The wary skepticism that Canada's big banks have for the cryptocurrency industry was on full display on Friday, February 22, 2019, when a Nova Scotia judge issued an order for the eventual disbursement of more than $30 million that belonged to the insolvent QuadrigaCX trading platform.

Software engineer Tong Zou lost his life savings — more than $500,000 — in the QuadrigaCX cryptocurrency meltdown.

The court-appointed monitor overseeing the search for the $260 million owed to clients of the faltering QuadrigaCX cryptocurrency exchange says it recently found more than $900,000 in digital assets — only to see more than half of those crypto-coins escape its grasp.

A clearer picture is emerging of the young man at the centre of the mysterious demise of one of Canada's largest cryptocurrency exchanges.