05/11/19 07:05 UTC-5

Einstein cryptocurrency exchange closes with a debt of more than $12 million

The Canadian Einstein cryptocurrency exchange has closed its doors. Debt to customers amounted to more than 16 million Canadian dollars (12.4 million US dollars).


The closure of the Einstein exchange

The British Columbia Securities Commission (BCSC) announced Monday that the Einstein Exchange had shut down and closed due to a lack of profit. At the same time, the exchange owed its customers 16 million Canadian dollars.

The Vancouver Exchange office is already closed, and the site is currently unavailable.

“The materials filed with the court noted that BCSC received numerous complaints about the inability of clients to access their assets on the Einstein Exchange, and on October 31 a lawyer representing the tradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details
platform announced that it plans to close it within 30-60 days from for lack of profit.”– BCSC.

In a separate affidavit statement of November 1, BCSC lead investigator Sammy Wu said he believes that “the Einstein exchange has improperly used the assets of its customers” and now it owes millions of cash and cryptocurrencies to customers.

Interesting in the section: BitMEX Digital Exchange has distributed personal customer data

See also: "Representatives of the BitMEX exchange explained the loss of user data"

#cryptocurrency #exchange #Einstein

Editor: Yuliya Soroka