🤔 [Analysis] Coinbase CEO speculates on QuadrigaCX exchange loss - Brian Armstrong
In a Twitter thread, Coinbase CEO Brian Armstrong spells out his company's best guess on the QuadrigaCX debacle. According to blockchain analytics and internal research, it is possible QuadrigaCX had been running a fractional system for sometime, most likely caused by a June 2017 bug that cost millions and poor attempts to fix the situation. The mismanagement of funds was covered for quite a while, until the bear market hit and liquidity dried up. The death of CEO Gerald Cotten could be a scapegoat for the insolvent exchange: his December death fails to line up with mid-2018 customer complaints about delayed withdrawals.
Let us know what you loved about the report, what may be missing, or share any other feedback by filling out this short form. All responses are subject to our Privacy Policy and Terms of Service.