Canadian securities regulators are looking into QuadrigaCX
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The Ontario Securities Commission, Canada's largest securities regulator, is looking into the troubled Canadian cryptocurrency exchange, QuadrigaCX, Reuters reports. On February 5, QuadrigaCX filed an application for creditor protection in the Nova Scotia Supreme Court. Since then, there has been a wave of rumors surrounding the sudden death of the exchange's founder and suspicious wallet activity.
“Given the potential harm to Ontario investors, we are looking into this matter and have already been in contact with the monitor,” the Ontario Securities Commission said in a statement to Reuters.
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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