The Canadian law firm Miller Thomson has engaged Kroll to investigate the missing assets worth $190 million at the QuadrigaCX Bitcoin exchange. This, is said in a statement by the lawyers.
Miller Thomson represents the interests of former QuadrigaCX users. On Friday the firm informed them that the analysis of the exchange’s transactions would be undertaken by the consulting firm Kroll in partnership with Coinfirm.
“The collaboration between Kroll and Coinfirm will bring together expertise in cryptocurrency, asset recovery, fraud investigations and data analysis,” the statement said.
Coinfirm specialises in blockchain forensics and anti-money laundering. In 2016 the project released an analytical engine for tracing data on the blockchain.
Experts from Kroll and Coinfirm will analyse the QuadrigaCX exchange’s Bitcoin transactions. Miller Thomson declined to disclose further details, citing confidentiality.
In February 2019 the cryptocurrency exchange QuadrigaCX lost access to user funds worth $190 million, reportedly after the death of CEO Gerald Cotten. As a result the company filed for bankruptcy and closed.
In June 2020 the Ontario Securities Commission concluded that the bankruptcy was caused by fraud by its founder Gerald Cotten.
Read the story of the dramatic events surrounding the collapsed exchange in ForkLog.
The Coffin of the Dead: How QuadrigaCX Chief Gerald Cotten Took $137 Million of User Assets to the Grave
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