Canada suspended Einstein exchange for alleged customer debt
British Columbia Securities Commission says exchange platform owed more than USD 16 million to its customers
On November 4th, the British Columbia Securities Commission (BCSC) took the repossession measure against the Einstein cryptocurrency exchange for an alleged debt of more than USD 16 million to its customers.
The legal action originated after the BCSC requested the exchange embargo to the British Columbia Supreme Court. According to the statement, the court appointed the audit firm Grant Thornton Limited to act as an interim trustee on November 1st and the same day the tax advisory organization secured the stock exchange facilities.
The decision was made after the BCSC received “numerous complaints that clients could not access their assets in the Einstein exchange”, while they would also have received the word of a lawyer representing the exchange who said that “he planned to close in 30 to 60 days due to lack of benefits.”
Other exchanges under inquiries
Elise Palmer, BCSC media relations and public affairs advisor, reported that numerous complaints have been generated about the ezBtc.ca cryptocurrency exchange system based on Nanaimo. “The complainants told us they had purchased crypto assets through ezBtc and that they have not been able to access their assets… The clients’ assets are at risk. Anyone who invested through ezBtc should consider consulting a lawyer about their options to recover their money.”
For its part, the BCSC denied having authorized any crypto trading platform to operate as an exchange. It continues to urge investors to be cautious when investing in cryptocurrencies.
K.Villarroel
Source: cointelegraph
