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Bankruptcy Trustee to Hand Quadriga Users’ Information to Canadian Taxman


Bankruptcy Trustee to Hand Quadriga Users’ Information to Canadian Taxman

Ernst & Young (EY), the court-appointed bankruptcy trustee overseeing the winding up of crypto exchange QuadrigaCX, will be turning all user information over to the Canada Revenue Agency (CRA). EY reported Tuesday that the CRA had asked it to turn over a trove of information about QuadrigaCX, whose customers have been waiting for more than a year to get back $190 million deposited on the exchange. The requested information includes: financial statements and other business records; corporate legal records; documents related to contractors and other related parties; a list of accounts and wallet addresses, “detailed information” on the fiat and crypto owed to users, analysis on “user specific transaction activities” and identified accounts. “The Trustee has advised CRA that its intention is to simply produce a copy of the full EDiscovery Database, redacted only for privilege, in response to the CRA Production Demand,” EY’s latest report said. The database does include users’ personal information, as well as account balances and transaction data. Read More...