Hagens Berman Blog

Whisteblower News: QuadrigaCX, 1MDB, Barclays Traders

by HB Whistleblower Legal Team

02/05/2019

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Cryptocurrency investors locked out of $190m after exchange founder dies

QuadrigaCX, Canada’s largest exchange, was unable to access password or recovery key after Gerald Cotten died last December

About $190m in cryptocurrency has been locked away in a online black hole after the founder of a currency exchange died, apparently taking his encrypted access to their money with him. read more »

Goldman Sachs says 1MDB scandal could hit pay for top executives

The board of Goldman Sachs Group Inc said on Friday it is withholding a bonus worth at least $7 million from former chief executive Lloyd Blankfein until investigations into the bank’s involvement in the 1MDB scandal are resolved. read more »

Barclays Traders Shouted Out Rigging Requests for All to Hear

There was nothing secret or subtle about how traders at Barclays Plc tried to move the bank’s submission to an important benchmark interest rate in a way that helped their own positions, a former trader said Tuesday in court.

Co-workers would yell and collectively discuss their desire to move the bank’s Euribor position for their own benefit, according to Carlo Palombo, who is on trial for his role in manipulating Euribor. He testified that an email he’d sent requesting a low three-month rate was normal practice for someone in his post. read more »

Deutsche Bank’s Answers on Scandal Leave European Lawmakers Frustrated

Bank, in rare hearing, defends role in money laundering case

Lawmakers say they’re unhappy with lack of details given

Deutsche Bank AG defended its role in one of Europe’s biggest money-laundering scandals in a rare hearing before European lawmakers that highlighted increasing frustration with the lender and its German supervisor. read more »