115,000 users are still missing the funds they stored at QuadrigaCX, and it’s unlikely they’ll get them back.
The QuadrigaCX scandal that has been grabbing headlines over the past several weeks has only gotten more and more complicated.
Now, affected users are facing the harsh reality that they may never see a penny of their lost funds again. The disaster is so large in scale and contains so many unexpected elements that many have compared it to the hack of cryptocurrency exchange Mt Gox. For years, the hack was the largest in history, and it has since been mythologized as a catalyst for the formation of regulations and better exchange security practices around the world.
QuadrigaCX wasn’t hacked (as far as we know), but its users have been left just as helpless as those affected by Mt Gox. What will the QuadrigaCX scandal mean for the industry?