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Globe says OSC hears QuadrigaCX matter may take months

2019-10-15 07:07 ET - In the News

The Globe and Mail reports in its Tuesday edition that clients of bankrupt cryptocurrency exchange QuadrigaCX could have to wait until spring or summer of next year before receiving any funds back. The Globe's Joe Castaldo and Alexandra Posadzki writes that one of the lingering mysteries is what information, if any, can be pulled from encrypted devices that belonged to Mr. Cotten, including two laptops, a desktop computer and a USB key. After Mr. Cotten died, Quadriga's lawyer hired retired RCMP inspector Chris McBryan, now a consultant at McKalian Sensors Inc. in Kingston, Ont., to try to hack into the devices. Mr. McBryan told The Globe that he spoke to family members to build a profile of Mr. Cotten to help him guess his passwords. He fingerprinted Mr. Cotten's home in Halifax in case he used a biometric security measure, and hunted for scraps of paper on which he may have written the keys to cryptocurrency holdings. "Rather than throw words and numbers at the problem, we take all the known data in the case and use it to test for the password," Mr. McBryan said. He managed to hack into 48 of Mr. Cotten's accounts, including 10 devices, which he said helped lead to the recovery of a significant amount of funds.

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