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Quadriga Clients Won't Get Help From Regulator on Lost Crypto Millions

  • British Columbia agency says it doesn’t oversee the exchange
  • Royal Canadian Mounted Police not commenting on any probes

The latest twist in the crypto drama that stranded $145 million in assets on Quadriga CX brought more bad news for the investors: British Columbia’s securities regulator said Thursday it doesn’t have jurisdiction over the exchange.

The provincial agency “does not currently have any indication that Quadriga CX, the crypto asset trading platform, was trading in securities or derivatives or operated as a marketplace or exchange under British Columbia securities laws," Brian Kladko, a spokesman for the British Columbia Securities Commission, said in an email statement. “As such, BCSC does not regulate it."