Ethereum and its co-founder, Vitalik Buterin, will forever be linked to Toronto. But before that, Bitcoin was already the talk of the town. (Via CointelegraphZN)
Andrew Kiguel, CEO of Tokens.com and former CEO of Hut8 Mining, explains that the mix of crypto companies and several large universities is the secret sauce to the city’s industry success, which, he says, has a “young and sophisticated crypto population.”
“The crypto environment is generally cooperative and friendly. There is a large talent pool in Toronto seeking employment in crypto. Many crypto companies were launched in Toronto, and others, such as Galaxy Digital and Hive, were financed out of Toronto.” Jaxx Wallet, which allows users to easily manage cryptocurrency holdings via smartphone, is also based in Toronto.Toronto’s cEarlier in 2022, authorities seized a Lambo and $2 million from local 23-year-old “Crypto King” Aiden Pleterski, whose company AP Private Equity Limited was accused of being a $35-million fraud according to court documents.
“He told me, after the SIM swap, that he thought he got only $1 million. But when he looked at the total amount and saw it was $45 million, he panicked.”Toronto also served as part of the stage for the infamous case of QuadrigaCX, whose late founder, Gerald Cotten, lived in the city while running the exchange. He reportedly died in India in 2018, seemingly taking the private keys to nearly $200 million with him to the grave — which victims have later fought to exhume in a search for answers.
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