Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Cryptocurrency Exchange QuadrigaCX Goes Offline

Cryptocurrency Exchange QuadrigaCX Goes Offline

Kelly Cromley by Kelly Cromley
Jan 29, 2019
in Market News, News
Reading Time: 2 mins read
0

Cryptocurrency exchange QuadrigaCX, which did not process payout requests of its clients for several months, has gone offline. The Canadian company, which had banking issues, had claimed last month that its founder passed away. On Monday, when QuadrigaCX went offline, it had put a banner saying that a system upgrade was going on. However, no time frame was given for the completion of the upgrade.

Furthermore, QuadrigaCX did not provide any clarification regarding the overall situation on its Twitter or Reddit pages. Users complained that they were facing issues in accessing those social media platforms throughout the day.

Additionally, the status message continues to change. Yesterday, at 21:07 UTC, the banner on the website said that “an upgrade is being performed on QuadrigaCX and we should be back online shortly.” Furthermore, the website asked apology for the inconvenience created. A later message, however, plainly states that the site has gone offline for maintenance.

Following an agreement with the Canadian Imperial Bank of Commerce (CIBC), which froze the funds owned by QuadrigaCX, through social media platforms and private emails sent to clients, the exchange guaranteed to return funds soon.

However, Reddit messages indicate that clients still have issues in withdrawing their funds. On January 15, Aaron Matthews, interim CEO of QuadrigaCX sent an email to the clients saying that funds will be returned “within two weeks.” The deadline ends tomorrow and so far no progress has been made in that regard.

It should be noted that Jose Reyes, the founder and managing director of Billerfy, which endorses bank drafts on behalf of Quadriga, clarified at that time that there is no deadline regarding the funds repayment.

Reyes said “[N]o banks have the appetite to take the drafts so we are looking around for crypto-friendly banks.” That was one of the reasons for refraining from issuing any kind of dead line.

Based on a decree passed by the Supreme Court of British Columbia on the basis of a petition filed by Jennifer Robertson, widow of QuadrigaCX exchange founder Gerald Cotton and the administrator of his estate, the company was anticipated to conduct a shareholders’ meeting last Friday to elect new officers.

The petition has pointed out that Cotten’s death has resulted in lack of officers in the company. However, there is no clarity as to whether such a meeting happened and if so, its outcome.

Previous Post

BitTorrent Token Sale Lights Up Crypto Market

Next Post

Saudi, UAE Launches Common Crypto Currency ‘Aber’

Related Posts

coinmarketcap-hit-by-supply-chain-attack

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
0

CoinMarketCap, a leading platform for tracking cryptocurrency prices, recently experienced a significant cybersecurity breach involving a supply chain attack that...

kazakhstan-unveils-solana-economic-zone

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
0

Kazakhstan has formally introduced the Solana Economic Zone Kazakhstan (SEZ KZ), becoming the first country in Central Asia to establish...

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

Next Post
Saudi, UAE Launches Common Crypto Currency ‘Aber'

Saudi, UAE Launches Common Crypto Currency ‘Aber'

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

coinmarketcap-hit-by-supply-chain-attack
Market News

CoinMarketCap Hit by Supply Chain Attack, Wallets Drained

by Kelly Cromley
Jun 23, 2025
kazakhstan-unveils-solana-economic-zone
Market News

Kazakhstan Unveils Solana Economic Zone for Web3 Growth

by Kelly Cromley
Jun 23, 2025
space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree