Canadian Tax Authority Asks EY to Provide Personal Data from 115,000 QuadrigaCX Users
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27 March
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Ernst & Young, the company in charge of dealing with the creditors of the now defunct Canadian crypto exchange QuadrigaCX, has received a request from the Canadian Revenue Authority (CRA) for information on its users.

Court documents filed with the Ontario Superior Court of Justice on March 24 detail the claim, which covers 750,000 documents on the exchange's 115,000 users.

The data demanded by the CRA was reportedly collected by EY from both internal and third party sources, and includes personal user information, account balances and transaction histories from 2016 to 2018.

It looks like the company in charge of the defense of the users of the exchange has decided to allow EY to provide this information to the country's tax authority as disputing the request would require a lot of money and time.

However, the representatives of the creditors' committee have highlighted providing all this information to the CRA might violate their privacy.

QuadrigraCX is a Canadian-based crypto exchange that hit headlines in 2019 after its founder and CEO Gerry Cotten died during a trip to India. As a result of his death, $190 million of users' funds were lost since he was the only one who knew the password to access them, which were held in a cold storage.

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