Anonymous ID: a02912 April 9, 2019, 8:52 a.m. No.6108649   🗄️.is 🔗kun

The missing $195m: Crypto accounts emptied months before CEO's mysterious death

3/6/19

-Experts finally cracked the laptop of the crypto CEO who died with sole access to $137 million ($195 million). But the money was already gone.

-Gerald Cotten, founder of QuadrigaCX, was thought to have had sole access to the funds and coins exchanged on the cryptocurrency exchange. After his mysterious death in December, his colleagues said about $US137 million in cryptocurrency, belonging to about 115,000 customers, was held offline in ‘cold storage’ and inaccessible.

-The case has sparked numerous theories, including that he faked his own death and ran off with the cash. However, court-appointed auditor Ernst & Young was able to crack Cotten’s laptop. What they found, according to an EY report dated March 1, the accounts had been emptied in April 2018, eight months before his death.

-“In April 2018, the remaining bitcoin in the Identified Bitcoin Cold Wallets was transferred out bringing the balances down to nil,” the report said.

https://www.msn.com/en-au/money/personalfinance/the-missing-dollar195m-crypto-accounts-emptied-months-before-ceos-mysterious-death/ar-BBUsNSp

 

Crypto Exchange Quadriga Gets Court Approval to Shift to Bankruptcy

4/8/19

-Cryptocurrency exchange owner Quadriga Fintech Solutions Corp. is moving into bankruptcy proceedings.

-The embattled Vancouver-based firm was given the go-ahead in a Nova Scotia Supreme Court Monday to transition from court-approved creditor protection to a bankruptcy process, a move that aims to help cut costs and facilitate recovery of assets from creditors.

-Quadriga owes about 115,000 customers some C$260 million ($195 million) after its founder Gerald Cotten died in December without telling anyone how to access the cryptocurrencies held for clients. Quadriga’s platform shut down on Jan. 28 and by Feb. 5 gained court protection under Canada’s Companies’ Creditors Arrangement Act, with Ernst & Young acting as a monitor for the process.

https://www.bloomberg.com/news/articles/2019-04-08/quadriga-gets-court-approval-to-shift-to-bankruptcy-proceedings

Anonymous ID: a02912 April 9, 2019, 9:01 a.m. No.6108756   🗄️.is 🔗kun   >>8871 >>8927 >>9164

Allison Mack, pleads guilty in scheme involving sex slaves for a cult group

 

-NEW YORK — TV actress Allison Mack pleaded guilty Monday to charges she was involved in a scheme to turn women into sex slaves for the spiritual leader of a cult-like upstate New York group, a development that came on the same day jury selection began for a federal trial in the case.

-Mack, 36, wept as she admitted her crimes and apologized to the women who prosecutors say were exploited by Keith Raniere and the purported self-help group called NXIVM.

-“I believed Keith Raniere’s intentions were to help people, and I was wrong,” Mack told a Brooklyn judge.

-Mack – best known for her role as a young Superman’s close friend on the series “Smallville” – said that after months of reflection since her arrest, “I know I can and will be a better person.”

-The actress is to be sentenced Sept. 11 on two racketeering counts that each carry maximum terms of 20 years in prison. However, it’s likely she would face far less time under sentencing guidelines.

https://www.ocregister.com/2019/04/09/allison-mack-an-actress-with-oc-ties-pleads-guilty-in-scheme-involving-sex-slaves-for-a-cult-like-group-in-new-york/