Recently, news reports showed that the Canadian-based cryptocurrency exchange “Einstein” has closed its doors.

Its customers and users are also reported to owe more than 16 million Canadian dollars or about 12.4 million US dollars.

The British Columbia Securities Commission (BCSC) announced last Monday that it had recently received news from a lawyer representing Einstein that the platform intends to close within the next 30 to 60 days due to lack of profits.

Please note that the platform site is not accessible at this time.

As stated in statement In a separate letter dated November 1, Mr. Sammy Wu, Principal Investigator at BCSC, said:

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I believe Einstein improperly used her clients’ assets and owes clients millions of dollars and cryptocurrency.

Mr. Wu further added that he went to the office of the Einstein Exchange Center on November 1 and discovered that the elevator was closed to all floors.

I called the phone number of Einstein founder Michael Ongün Göktürk that is listed on his website and the recording said that all of their agents are unavailable.

I called Göktürk and his voicemail and he said it is unavailable so I texted because it doesn’t check voicemail.

The BCSC is investigating the case and said the British Columbia Supreme Court has appointed Grant Thornton as a temporary recipient to seize any of Einstein’s property and assets.

And what was stated by the “BCSC”

The BCSC has not allowed any of the crypto-asset trading platforms to operate as an exchange.

He added that Canadians should be careful when buying or selling any cryptocurrency due to multiple risks.

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