RATE Group | B.C. cryptocurrency exchange shuts amid questions, complaints and lawsuits
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B.C. cryptocurrency exchange shuts amid questions, complaints and lawsuits

04 Nov B.C. cryptocurrency exchange shuts amid questions, complaints and lawsuits

Posted at 21:26h in Cryptocurrency News by

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Under a cloud of complaints, investigations and lawsuits, a controversial Vancouver cryptocurrency exchange has shut its doors with more than $16 million owing to customers.

The B.C. Securities Commission (BCSC) obtained an order last week appointing an interim receiver to oversee the Einstein Exchange, after filing a petition in B.C. Supreme Court claiming exchange founder Michael Ongun Gokturk could not be reached.

BCSC executive director Peter Brady told CBC News the commission has also notified the RCMP of concerns about possible money laundering raised by a former exchange employee.

“We received a number of complaints from customers of the exchange being unable to access their assets. We had sent some requests for information to the exchange twice and we didn’t get an answer,” said Brady.

“We were then talking to the company’s counsel and learned that the exchange intended to shut down within 30 to 60 days due to a lack of profit and subsequently that legal counsel…

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