Tags: ACX

Crypto Exchange QuadrigaCX Former Users Set to Receive 13 on the Dollar in Bankruptcy Proceedings

Quadriga Fintech Solutions CEO and founder Gerald William Cotten (Quadriga CX)

Bankrupt QuadrigaCX Exchange to Commence ‘Interim Distribution‘ of Funds

Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors.

New data indicates Binance’s stablecoin, BUSD, has been undercollateralized at times by more than $1 billion. Yet, few have questioned CEO Changpeng Zhao.