Part of the CustodyStress archive of observed Bitcoin custody incidents
CS-00662
Institutional lockout — QuadrigaCX (2019)
BlockedCase description
The Ontario Securities Commission expanded its investigation into QuadrigaCX in December 2019, seeking additional documents from Cotten's estate. The expanded investigation extended the CCAA process and delayed any potential creditor distributions. Customers who had hoped for a partial distribution before year-end had their hopes deferred further.
Custody context
| Stress condition | Vendor lockout |
| Custody system | Exchange custody |
| Outcome | Blocked |
| Documentation | Unknown |
| Year observed | 2019 |
| Country | Canada |
Structural dependencies observed
What this illustrates
Before anyone could access the funds, a legal process had to be completed first. Access was not recoverable.
Outcome interpretation
Access was not possible under the reported conditions.
Source
Publicly Reported
Evidence type
News article
Evidence link
Related cases involving vendor lockout
This archive documents observed custody survivability failures. It does not attempt to document all Bitcoin losses or security incidents.
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Framework references
Where Bitcoin Custody Intersects Legal and Fiduciary Authority
Where custody creates gaps in estate planning, fiduciary duty, and professional responsibility.
Professional Scope Boundary Matrix
What each professional or product covers, what they do not, and where gaps form between them.
The Independent Assessment Layer in Bitcoin Custody
How independent diagnostic layers emerge when multiple parties depend on shared infrastructure.