FBI is seeking information from victims of QuadrigaCX

The Federal Bureau of Investigation has joined the Internal Revenue Service Criminal Investigation, the U. S. Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section in a joint investigation into Canada-based cryptocurrency exchange QuadrigaCX, according to a notice on the FBI’s website.

Due to the exchange’s collapse in January, around 115,000 customers were left behind suffering a total loss of C$260 million ($195 million) in cryptocurrencies and cash, per a Bloomberg report. The company behind the exchange, Quadriga Fintech Solutions Corp, is also going through bankruptcy proceedings in Canada, following its founder Gerald Cotten's sudden death in December. Cotten was the only person that had the password to access the missing C$260 million stored in offline cold wallets. 

The FBI is seeking victims of the QuadrigaCX fallout to unearth new information about transactions on the exchange. Specifically, a questionnaire that the agency published asks the victims whether they have ever withdrawn fiat currencies from the exchange and used U.S. based bank accounts to conduct any transactions.

About Author

Celia joined The Block as a reporter after earning her BA in the History of Science from the University of Chicago. Having spent years pondering over why 2+2 cannot equal 5, she is interested in the history and philosophy of mathematics, computation, and cryptography. She also had a very brief stint at Crunchbase News.