Valuation reference — December 2018. Transactions are strictly via KYC/AML, Escrow, and Term Sheet under the management of an authorized liquidator fund.
Value Proposition
Historical Benchmark
The asset valuation methodology uses the price benchmarks of December 2018, creating a potentially low basis relative to the current market.
Structured Protection
Multi-layered risk protection: Escrow, staged delivery of assets, on-chain proofs, and legal representations & warranties in the agreement.
Official Procedure
Access to the deal is granted only after signing an NDA, passing full KYC/AML compliance, and confirming the source of funds.
The Story Behind the Opportunity
What was QuadrigaCX?
Founded in 2013 in Vancouver, Canada, by Gerald Cotten.
It was once Canada's largest platform for buying and selling Bitcoin.
The exchange offered trading of cryptocurrencies (BTC) against the Canadian dollar.
⚡ The Scandal and Collapse
In December 2018, founder Gerald Cotten suddenly died in India.
He was the only person with access to the exchange's 'cold wallets,' containing an estimated €190 million in crypto.
In 2019, the company declared bankruptcy, leaving thousands of clients with massive losses.
An Unprecedented Resolution
After years of legal proceedings, Canadian authorities, with the help of international cybersecurity experts, successfully recovered access to a significant portion of the locked QuadrigaCX assets. As a government-overseen entity cannot engage in market speculation, a decision was made to liquidate these recovered assets. To ensure fairness and avoid market manipulation, the valuation is benchmarked to the prices of December 2018 — the moment the crisis began. This creates a unique, one-time opportunity to acquire historical assets through a regulated process.
