FBI Reportedly Reaching out to Users of QuadrigaCX

FBI Reportedly Reaching out to Users of QuadrigaCX

FBI Reportedly Reaching out to Users of QuadrigaCX

The Federal Bureau of Investigation is looking into the downfall of Canadian cryptocurrency exchange QuadrigaCX, along with several other U.S. agencies. FBI has reportedly reached out to users to know more about their use of the platform.

The FBI, the Internal Revenue Service’s Criminal Investigation Division, the Department of Justice’s Computer Crime and Intellectual Property Section, and the U.S. Attorney’s Office for the District of Columbia are conducting an investigation.

Earlier this year, QuadrigaCX was locked out of $145 million worth of cryptocurrency it owed customers after the unexpected death of its founder and CEO Gerald Cotten. This saw around 115,000 users lose their funds.

The company behind the exchange, Quadriga Fintech Solutions, is in bankruptcy proceedings in Canada. The FBI is reportedly asking users if they provided identifying information when opening accounts at the Canadian cryptocurrency exchange. The FBI also wants to know if their transactions were made using U.S.-based financial institutions.

A statement on the agency’s website reads:

“The FBI and IRS-CI are legally mandated to identify victims of federal crimes that they investigate and provide these victims with information, assistance services, and resources.”

18 Comments

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