Ernst& Young will transfer data from Quadriga bitcoin exchange users to tax authorities

Ernst & Young, approved by the court as trustee of the bankruptThe Quadriga cryptocurrency exchange received a request from the Canadian Internal Revenue Service (CRA) to provide information on 115 thousand customers.

Sixth Report of the Trustee March 24, 2020 by ForkLog on Scribd

Information requested should include: financial statements, legal and counterparty-related documents, a list of accounts and wallet addresses, “detailed information” about user funds in fiat and cryptocurrency, as well as an analysis of “specific user operations” and detected accounts.

The CRA ordered Ernst & Young create a copyelectronic database, edited in such a way that it contains all the requested information. The bankruptcy trustee did manage to collect users' personal information, as well as account balances and transaction data.

Representative Quadriga UsersMiller Thomson Law Firm noted that it would not be in the interest of affected clients to object to this move. Thus, it will be possible to achieve cost reductions and prevent further delays in the return of found funds.

Communication March 25 2020Final With Links by ForkLog on Scribd

Former user initiative groupQuadriga, which is in dialogue with Miller Thomson, has expressed concern about the transfer of CRA information due to a potential privacy violation. One of its participants considered the CRA request “an unprecedented insult to the protection of personal data”

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Recall the trial of the defenseQuadriga bitcoin exchange from lenders has been going on since February last year. A month before, the platform announced the sudden death of its CEO and President Gerald Cotten, with the departure of which allegedly lost access to the exchange’s cold wallets.