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QuadrigaCX

RevokedCeased operationsESMA register

Quadriga Fintech Solutions Corp.

ExchangeCanada Founded 2013quadrigacx.com
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Last reviewed
2 Sept 2026
2026-09-02
Ceased operationsSince 2019-01-28

Collapsed after the reported death of founder Gerald Cotten, with about CAD 190 million of client assets inaccessible.

Creditor process: Creditor protection then bankruptcy under Ernst & Young as trustee. The Ontario Securities Commission concluded the shortfall was caused by fraudulent trading with client funds rather than lost keys. Distributions have been partial.

Compliance snapshot

  • Ceased operations January 2019
  • OSC found client losses were caused by fraudulent trading
  • Money services business registration no longer active
  • Partial creditor distributions only
Overall concern
High concern

Defunct since 2019. A securities regulator found the losses were caused by fraudulent trading with client funds; recoveries have been partial.

Licenses & registrations

  • CanadaRevoked
    Money services business registration
    Financial Transactions and Reports Analysis Centre of CanadaFINTRAC
    n/an/a
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Reputation

Verified reputation data is unavailable

The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.

Customer reviews
Source needed. A direct review-platform source and collection date are needed.
App Store & Google Play
Source needed. Verified store listings and collection dates are needed.
Press sentiment
Source needed. A dated source set and calculation method are needed.
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Recent press

  • 2020-06-11
    Ontario regulator says QuadrigaCX collapse was caused by fraudNegative

    Reuters — The OSC found the founder used client funds for personal trading.

Incidents & enforcement

  1. 2020-06-11Enforcement

    Ontario Securities Commission report concluded the shortfall arose from fraudulent trading with client funds.

  2. 2019-01-28Enforcement≈ CAD 190 million

    Platform halted operations after the reported death of its founder, leaving client assets inaccessible.

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Profile last reviewed 2 Sept 2026 (2026-09-02)