Ernst & Young Report Reveals QuadrigaCX Has $21 Million in Assets, Owes $160 Million
A new report published by Ernst and Young (EY) has recently shown that the embattled Canadian cryptocurrency exchange QuadrigaCX has $21 million in assets, but owes its creditors $160 million.
The report shows the firm’s assets and debts are spread between three subsidiaries associated with the cryptocurrency exchange, namely Quadriga Fintech Solutions, Whiteside Capital Corporation, and 0984750 B.C. The report revealed QuadrigaCX’s assets and liabilities as of April 12, 2019.