The BCSC is investigating two crypto exchanges that suddenly went offline

The BCSC is investigating two crypto exchanges that suddenly went offline

The BCSC is investigating two crypto exchanges that suddenly went offline

The British Columbia Securities Commission has received several complaints about two crypto exchanges. Both trading platforms suddenly appear to be offline. The reported BNN Bloomberg on November 4th.

Everything is done to protect customers of the crypto exchanges. The BCSC is currently still investigating complaints against cryptocurrency exchange ezBtc. Users have also submitted complaints because they do not have access to their assets on the Einstein Exchange. The BCSC takes this very seriously and even went to court to protect customers of the exchange.

A lawyer from the Einstein trading platform was told that the platform was going to stop within 30 to 60 days. The reason for stopping is the lack of profit.

On November 1, the regulator submitted a request to the Supreme Court to engage a bailiff to secure all the assets of the Einstein exchange. The application has been approved by the court.

QuadrigaCX

The news comes after the downfall of the Vancouver-based QuadrigaCX stock exchange, which sought protection against creditors after its founder and CEO suddenly died at the end of last year. The exchange has lost $ 190 million in cryptocurrency after losing access to its cold wallets.

About Shawn Morrison 246 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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