Ledger & Lore
← Back to the archive

QuadrigaCX

CryptoCanadaClosed 2019

Total Raised

Undisclosed

Peak Valuation

Undisclosed

Employees

—

Year Collapsed

2019

Business model

Cryptocurrency exchange charging trading fees.

In brief

Once Canada's largest crypto exchange, it collapsed after its 30-year-old founder Gerald Cotten reportedly died suddenly in India in December 2018, allegedly taking the only passwords to roughly $190M in customer crypto to his grave. A subsequent regulatory investigation conclude…

See the What Happened tab for the full account.

Key facts

Founded
2013
Closed
2019
Headquarters
Vancouver, Canada
Industry
Crypto
Employees
—
Revenue
Undisclosed

Related failures

Often compared with: Coinbase, Kraken.