October 20, 2020

Canadian cryptocurrency exchange closes, taking with it $ 12 million from user accounts

Canadian cryptocurrency exchange closes, taking with it $ 12 million from user accounts

Canadian cryptocurrency exchange Einstein closed with debt of more than 16 million Canadian dollars (~ $ 12.4 million) to their customers. Site Einstein is currently unavailable.

Allegedly, October 31, a lawyer,Representative of Einstein, informed the Securities Commission of the Canadian province of British Columbia (BCSC) about the platform’s plans to cease operations within 30-60 days. The reason for this step, he called the loss-making activity of the cryptocurrency exchange.

BCSC took control. The agency also warned Canadians about the need to exercise caution when buying or selling any cryptocurrencies in connection with the associated risks.

BCSC chief investigator Sammy Wu said that “Einstein improperly used the assets of its customers” and the exchange management owes millions of cash and cryptocurrencies to customers.

Wu also said that on November 1, he went to the Einstein exchange office, but it was already closed.

I called the founder of the Einstein exchange, Michael Ongun Gokturk, but he was out of range. Then I sent a text message a voice message, added Wu.

British Columbia Supreme Court appoints Grant Thornton Interim Exchange Manager.