Supreme Court

A group of investors filed a lawsuit in the Supreme Court of New York on the cryptocurrency exchange Huobi, its US division of HBUS and on the ICO-startup Elastos, reports Cryptobriefing. The reason for the suit was the alleged violation of securities laws. In particular, the main plaintiff Mark Owen is sure that the initial offer of the Elastos project coins, which took place last year, violates Section 5 of the Law on Valuable […]

After the death of QuadrigaCX, the founder of the Canadian bitcoin exchange, Gerald Kotten, who probably took the private keys to the cold storage with him to the grave, the platform was on the verge of collapse. Traditionally, a conflict of interest broke out between creditors – who should be the first to receive payments. Many holders of fiat deposits believe that they deserve the first to return their funds, reports CoinDesk. Note that the order of […]

Indian authorities confirmed the death of Gerald Kotten, the founder of the Canadian bitcoin exchange QuadrigaCX. As stated by representatives of the trading platform, it happened in early December. The relevant documents were made available to the publication CoinDesk. In India, confirmed the words of Jennifer Robertson, wife of Kotten, about his death on December 9. The funeral took place on December 12 in Halifax. Note that many representatives of the community doubted that […]

The Canadian Cryptocurrency Exchange QuadrigaCX cannot access wallets with user funds worth CAD 250 million ($ 190 million), reports CoinDesk, citing the organization’s statement, previously filed with the Supreme Court of Nova Scotia. Thus, about 115 thousand users had cryptocurrency (180 million CAD) and fiat balances (70 million CAD). As the newspaper notes, on […]