How To Buy Bitcoin in Canada (A Guide To Cryptocurrency ...
19 Exchanges to Buy Bitcoin & Crypto in Canada (2020)
Binance – Bitcoin Global Canada (BGC)
Bitcoin Canada - Vancouver Bitcoin - Buy Bitcoin Canada
Kanadische Polizei sucht Bitcoin-ATM-Betrüger
How To Buy Bitcoin in Canada Where to Buy Crypto ...
QuadrigaCX: A history of suspicious activity
This is a compilation of everything suspicious I found with Quadriga. Please let me know if there’s anything incorrect or missing Early History (2013-2017)
QuadrigaCX started in 2013 and made history by being the first crypto exchange to register with FINTRAC and accept gold bullion deposits. By 2015, Quadriga became Canada’s largest crypto exchange. So far, so good.
In March 2015, Quadriga attempted to go public and a month later, announced its intention to install Bitcoin ATMs across Canada. Both these plans were eventually aborted.
Even though Quadriga never listed, it started selling its shares over-the-counter. In Sep 2015, Quadriga stopped publishing audits. In March 2016, Quadriga was banned from selling shares after the BCSC issued a cease trade order (CTO) for not submitting an audit.
Around the same time, 3 of Quadriga’s 5 directors (Anthony Milewski, Lovie Horner, Bill Filtness) and CFO (Natasha Tsai) all resigned. Sometime in 2016, Director and Co-founder Michael Patryn resigned. This left Gerald Cotten ("Gerry") as the only remaining director.
Evidence shows that Michael Patryn has used several aliases (including Omar Dhanani) and is a convicted identity thief
Quadriga has changed its business address several times. It started as a Vancouver-based exchange, with its addresses changing from Commercial Dr, Nelson St, and Homer St. Eventually, the address moved to Toronto. None of these were physical office addresses, but instead a mail forwarding address.
The Terms of Service on Quadriga’s website have always suspiciously stated that:
All account fundings are considered to be purchases of QuadrigaCX Bucks. These are units that are used for the purposes of purchasing Bitcoin or other cryptocurrencies. QuadrigaCX Bucks are NOT Canadian Dollars. Any notation of $, CAD, or USD refers to an equivalent unit in QuadrigaCX Bucks, which exist for the sole purpose of buying and selling Bitcoin and other cryptocurrencies. QuadrigaCX is NOT a financial institution, bank, credit union, trust, or deposit business. We DO NOT take Deposits. We exist solely for the purposes of buying and selling cryptocurrencies.
Banking troubles throughout 2018
In late Dec 2017, Jose Reyes (CEO of Billerfy and Costodian Inc, Quadriga’s payment processor) moved over a million dollars from Quadriga’s account and into his own personal CIBC account
Shortly after, CIBC froze these funds and tried reaching out to Gerry, who refused to speak with them
All throughout 2018, Quadriga’s fiat withdrawal times took 2-3 months to complete. Quadriga kept citing the CIBC freeze as the reason. What’s very suspicious is how Quadriga constantly lied to customers with promises such as “the withdrawal backlog will be cleared in 1 week” or “your funds have been processed” when in fact they were months away from doing so.
Period leading up to Gerry’s death
On Nov 27, Gerry filed his will just 12 days before his death. He left a plane, two houses, and $100,000 for the care of his two Chihuahuas.
Gerry had a plan for all his personal affairs in the event of his death but he had no contingency plan for $180M CAD of crypto in cold storage that only he had the private keys to?
India is a suspicious place to travel, considering Gerry had a medical condition and considering how easy it is to get a death certificate there
After a severe bear market, most crypto businesses have been struggling and laying off staff. It’s odd that Gerry, who has no history of philanthropy, chooses to donate money. Especially when his exchange is having so many banking troubles.
The organization that built the orphanage states on their website that they take care of all construction. There was zero need for Gerry to go to India
A reddit post shows that the orphanage exists, although it’s a mystery where the image came from
Bitcoin fell 50% in Nov – the worst monthly decline in 7 years. Gerry’s death occurred shortly after
Gerry’s death and announcement
On Dec 9, Gerry died in India “due to complications of Crohn’s disease.” However, there is a low probability that Crohn’s disease is fatal, especially at the young age of 30
Just a couple days later, a reddit post indicated someone bought 300 BTC on Quadriga at a 25% premium and moved the funds out of the exchange
It took Quadriga over a month to announce Gerry’s death on Jan 14th.
Over the following 2 weeks, Quadriga continued to assure customers that “our hot wallets are being filled and withdrawals are going slower but will complete.”
On Jan 28th, Quadriga takes down their website. Initially they said “an upgrade is being performed,” then the message changed to “site maintenance” before being changed to “Quadriga has filed for creditor protection” on Jan 31st.
In the media, Gerry stated several times that Quadriga uses multi-sig cold storage. This is where 2/3 or 3/5 people can be used to authorize a transaction. Clearly no multisig was used if only Gerry had the private keys.
Formal Active Investigations
A preliminary court hearing was held on Feb 5, 2019 where the Canadian Apex Court appointed Ernst and Young (EY) as Monitor to further investigate into the matter. EY has stated that its an extraordinary challenge to decipher Quadriga's finances, as the company has no accounting records (and did not systematically track incoming and outgoing payments) nor a bank account in its name.
The Better Business Bureau (BBB), which gives Quadriga an F-rating, launched an investigation in Dec 2018
Quadriga has substantial personal information on its customers, including SIN, driver's license, and banking details. Given Quadriga's murky history, customers may have their identity at risk and should setup up credit report and identity theft alerts with either Equifax or TransUnion.
Citizens of the Great White North, rejoice! Canadian Bitcoin ATM company LocalCoinATM recently announced the opening of the first Ethereum ATM in Toronto, and have added support for Ethereum on the rest of their Bitcoin ATM network.. The new ATM is located at 161 Church Street, Toronto inside of a Hasty Market, a line of convenience stores popular throughout Ontario. The number of bitcoin ATM locations has been rising steadily. Almost 9,000 bitcoin ATMs have been installed worldwide. The U.S. leads as the country with the largest number of bitcoin ATMs ... The world’s first publicly available Bitcoin ATM opened in Vancouver in 2013. A second one followed in Toronto in early 2014. Moreover, you may remember the Quadriga news story as the controversy reached headlines worldwide, making you wonder what is the best and safest way to buy Bitcoin in Canada and if the Canadian financial industry is ready for a crypto boom. The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece How and Where To Buy Bitcoin in Canada. There are several ways to get your hands on Bitcoin in Canada. Your options include buying it from an online cryptocurrency broker or trading platform (e.g. Wealthsimple Crypto and MogoCrypto), a cryptocurrency exchange (e.g. Coinsquare and Bitbuy), or at a Bitcoin ATM. Binance Coin $ 28.11 3.82%. Bitcoin Cash $ 220.42 0.95%. Polkadot $ 4.10 0.14%. Chainlink $ 9.28 0.65%. Crypto.com Coin $ 0.147126 0.14%. Litecoin $ 45.83 2.1%. Alle Kurse. Kanadische Polizei sucht Bitcoin-ATM-Betrüger . Startseite; Aktuelle Artikel im Überblick; Krypto; Kanadische Polizei sucht Bitcoin-ATM-Betrüger . von Tanja Giese. Am 14. März 2019 26. Mai 2019 · Lesezeit: 3 Minuten ... Canada is home to more than a handful of cryptocurrency trading platforms. Some well known ones include the now defunct QuadrigaCX, Einstein exchange, and Coinberry. P2p trading platforms like Paxful are also based out of Canada. Bitcoin ATM. Numerous ATM companies exist throughout the country with some of the largest Bitcoin atm networks in ... With the increase in the value of Bitcoin in Canada, several institutions have taken up Bitcoin as their payment mode for goods and services on online platforms. Toronto and Vancouver are believed to be the home of Bitcoins in Canada. The two have recorded a high rate of digital currency operations in Canada. In 2014, it was reported that workers based in Toronto preferred their salaries to be ... Canada Based LocalCoinATM Inaugurates Foremost Ethereum ATM in Greater Toronto LocalCoinATM, a Bitcoin ATM company based out of Canada have inaugurated Bitcoin ATMs In Toronto. As of May 20th, 2020, there are a total of 252 Bitcoin ATMs in Toronto to buy bitcoin in person. See the full map here. Best Place To Buy Bitcoin In Toronto. With over 30 million customers, Coinbase is the easiest and most preferred method for buying bitcoin in Toronto. The verification process on Coinbase is simple ...
Bitcoin ATM prices can vary widely, so it's a good idea to keep track of the actual price based on a site like bitcoinaverage.com before making a purchase. I... Share your videos with friends, family, and the world Want to earn FREE Bitcoin? Check out this tutorial video on how you can do so. All you need is a Shake Pay account and a cellphone to shake your phone with. Here's how much you can earn with # ... Spend $100 US on Coinbase and get $10 free by going through my link: http://bit.ly/2DiK0Br This is perhaps the most frequently asked question I get from peop... This was my first time using the new bitcoin ATM. Although it is expensive, and not completely instant, it is one of the fastest ways to convert some cryptoc... Our tutorial on Binance will help you register, deposit, withdraw and trade cryptocurrency. Watch our Binance guide video to understand everything a beginner needs to know to get started trading ... Bitcoin to get huge moon boost with Fidelity? Binance Coin burn! Livestream recap ----- Check out my other channels: My other channels and su... In Toronto's Bitcoin Decentral Location using their ATM to buy Bitcoins ... Binance AIR-DROP and Trading News - Binance Platform Growth Binance Exchange 65,021 watching. Live now; My trip to a ... 1:02 Bitcoin Analysis 3:50 Binance News 5:01 Fidelity News 5:42 ETF News 6:50 QuadigaCX Bankrupt 8:16 Financial Crisis! Support Me Via Affiliate Links ... Shakepay Link: https://shakepay.me/r/Z3AUZHI Note the Shakepay funding address has changed! It's now [email protected] Binance Link: https://www.binance.co...