- QuadrigaCX is in the middle of bankruptcy proceedings.
- The FBI has collaborated with several other government agencies to learn about the victims of the exchange.
The tale of QuadrigaCX’s demise is one filled with twists and turns, predominantly following the death of founder and CEO Gerald Cotten at the end of last year. The circumstances have been strange, at best, in the months following. Many people felt victimized as the company stopped withdrawals and ultimately shut down by January 2019, with no way to gain access to their funds.
Figuring out where the funds actually are has been a treacherous process as well. At first, widow Jennifer Robertson stated that the funds were locked away in cold wallets that Cotten stored on a laptop. After months of trying to break into the laptop, the wallets were empty. The court-appointed monitors ultimately started to discover the funds hidden with other exchanges, but the overall cryptocurrency discovered was significantly less than what the creditors were owed.
Now, as the story takes another turn, there are several US-based criminal investigative agencies on Quadriga’s trail, according to The Next Web’s Hark Fork. The Federal Bureau of Investigation (FBI) is one of those agencies, as they publicly requested that anyone who considers themselves a victim of QuadrigaCX to fill out a questionnaire to help with the investigation.
In the announcement, the FBI states,
“If you have questions or concerns about your QuadrigaCX account, or if you believe you are a victim, please complete the below questionnaire.”
While filling out the form, victims are asked to include their QuadrigaCX username, and to include any details about the identifying documents that they provided.
The questions go on, asking the user how much they spent with the exchange by January 31st, 2019, and if there are any transaction records regarding their deposit and wallet addresses.
The individuals are also asked if they were the sender or recipient of funds with a bank account in the United States. If any, the user is asked to explain their relationship with QuadrigaCX.
In March, Hard Fork says that there were several sources that had claims that the FBI and Royal Canadian Mounted Police were collaborating on an investigation after the collapse of the exchange.
During this announcement, the FBI also told the public that they were working with other agencies to resolve this matter. Those agencies include the Internal Revenue Service Criminal Investigation (IRS-CI), the United States Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section.
Anyone who participates in this questionnaire is under no obligation to do so by the FBI. The press release on this matter explains that any information would be:
“useful in the federal investigation.” However, the press release adds, “Based on the responses provided, you may be contacted by the FBI and asked to provide additional information.”
As of last month, court-appointed monitor Ernst & Young said that the exchange presently holds $21 million in assets, which is a combined total between fiat currencies and cryptocurrencies.
However, their data shows that customers could be owed up to $160 million, based on information discovered since bankruptcy proceedings began in April.