FBI Seeks for QuadrigaCX Victims to Aid Ongoing Investigation
According to a report by the Federal Bureau of Investigation (FBI) on June 3, 2019, it is conducting an ongoing investigation alongside the Internal Revenue Service Criminal Investigation (IRS-CI), the United States Attorney’s Office for the District of Columbia, and the Department of Justice’s Computer Crime and Intellectual Property Section to seek victims who lost bitcoin (BTC) on the now-defunct Canadian digital assets exchange, QuadrigaCX.
Identifying the Victims
Per the publication, the FBI, IRS-CI, and other agencies are currently identifying victims who were affected by the crash of QuadrigaCX exchange caused by the alleged death of its CEO, Gerald Cotten.
The FBI’s legal mandate seeks to find affected persons in federal crimes and provide them with information, resources, and additional services entitled to them.
Accordingly, those who have questions or concerns regarding their QuadrigaCX account or believe that they were victims of the exchange’s collapse have been asked to fill a questionnaire to assist the FBI in its investigation.
The questionnaire requires details such as the victim’s name, date of birth, contact, their QuadrigaCX usernames, account balance as of January 31, 2019, the month their last transaction took place on QuadrigaCX and more.
Interestingly, the authority has made it clear that it is not compulsory for the victims to supply the needed info, although these responses may make its job more manageable.
QuadrigaCX, the exchange in question, made headlines in the first quarter of the year and became an excellent example of why investors should never store their crypto assets on an exchange.
The exchange claimed its CEO Cotten died on December 9, 2018, and as such, it was unable to access $250 million of client’s funds because the deceased was the only party with access to the private keys of the cold wallet holding the funds.
However, an investigation carried out by Ernst & Young (EY), the investigator appointed by the court to look into the exchange’s dealings revealed that the offline wallet had been empty since April 2018.
A court case has been brewing since then in a bid to restore investors’ funds. Some measures taken by the court were to preserve the late CEO’s properties and freeze the account of his wife, Jennifer Robertson.
BTCManager on April 21, 2019, informed that Adam O’ Brien, a former colleague and friend of the deceased, had revealed that customers might never be able to recover their funds from the dead bitcoin trading venue.