digital assets

Conservative MP Michelle Rempel Garner says she hopes her bill to help grow the cryptocurrency sector will get Canadian legislators talking about it in a non-polarized way.

The accounting firm investigating the multimillion-dollar implosion of the QuadrigaCX cryptocurrency exchange wants to move the ongoing bankruptcy proceedings from Halifax to Toronto, saying the case is now focused on people and assets in Ontario.

Embattled cryptocurrency exchange QuadrigaCX has received another reprieve from its creditors, as the search for nearly $200 million in missing virtual currency continues following the sudden death of the company's co-founder.

The high-profile search for $190 million in missing cryptocurrency owed to users of the beleaguered QuadrigaCX trading platform has turned up a small amount of digital assets, but the intrigue surrounding the case deepened on Friday, March 1, 2019, as investigators pointed to a series of transactions they can't explain.

The widow of QuadrigaCX CEO Gerald Cotten says a chief restructuring officer should be appointed to oversee what remains of the insolvent cryptocurrency trading platform, saying her role as director has drawn "unwanted" online commentary suggesting she is trying to hide assets.

Once one of Canada's largest cryptocurrency exchanges, QuadrigaCX has now run out of money.

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.