Crypto exchange QuadrigaCX Linked With Company Named In Binary Options Scam
Independent researchers have identified financial links between crypto exchange QuadrigaCX and a shady company.
In the thread, an unverified QuadrigaCX user claimed that the exchange was asking him via email to wire his deposits to Volaris’ bank account.
In its response, QuadrigaCX confirmed that Crypto Capital, their international payments company, had sent the concerned email.
The case, as mentioned above, confirmed that QuadrigaCX was using an offshore company called Valoris HK Ltd. for receiving customers’ deposits.
Except, a separate report indicated that the company was also accepting deposits for forex and binary options scammers.
“Curiously, an online search for this bank account reveals that it, or an account by the same name at Bank Pekao, is still actively receiving funds. The same account has been used to accept payments for TD Markets – a Binary Options and forex trading site – as well as QuadrigaCX, a bitcoin exchange that claims to be based in Vancouver, Canada.”
Independent researchers later found that QuadrigaCX never had any crypto reserves and that the exchange was merely pitting traders against each other for executing their deposits’ and withdrawals’ requests.
Davit Babayan’s original article for newsbtc.com reduced by 69%
Related cryptocurrency news – Where Is The ‘Missing’ $150 Million? Crypto Exchange QuadrigaCX’s Fiasco Gets Wierder With New Research
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