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Another Canadian Exchange Shuts Down

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Canadian crypto exchange Einstein Exchange has ceased its operations this week, leaving a debt of $16 million, which comprises of $11 million in cryptocurrencies and about $5 million in cash taken from their clients.

Prior to its closure, “numerous complaints” sent by the exchange’s customers to the British Columbia Securities Commission (BCSC)stated that they were not to access their cryptos that were held on the platform.

A lawyer representing Einstein Exchange revealed on October 31 to the BCSC that they intended to close their operation within 30 to 60 days as they reportedly did not make any profits to ...

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