InteracInvestor is a Canadian financial services company that offers innovative and convenient ways for consumers to manage their money. In late January 2019, InteracInvestor announced that it had been hacked and suffered a loss of $27 million CAD. The incident highlighted the vulnerability of blockchain-based systems and the importance of cyber security. InteracInvestor is a Canadian based online brokerage firm that provides investors with access to a variety of investment products. The company has been in operation since 1999 and as of 2019 had over $2 billion in assets under management. InteracInvestor was one of the first companies to offer Bitcoin and other cryptocurrency products to its clients.
In late 2017, InteracInvestor announced that it would be shutting down its operations. The company cited regulatory changes as the reason for its decision, but many believe that the true cause was the crypto market crash that occurred in late 2017/early 2018. As a result, many investors lost money when InteracInvestor liquidated its holdings.Despite the fact that InteracInvestor was one of the earliest companies to offer cryptocurrency products to its clients, it is likely to be one of the biggest casualties of the crypto bubble.
Current Status of InteracInvestor
InteracInvestor is one of the biggest victims of the crypto bubble. The company has filed for creditor protection in Canada. InteracInvestor was founded in 2014 as a way to make it easier for people to invest in cryptocurrencies. The company offered a platform that allowed people to buy and sell cryptocurrencies, as well as provide insights on the market. InteracInvestor also offered a debit card that allowed people to spend their cryptocurrencies.In December 2017, InteracInvestor announced it would offer a Bitcoin ETN (exchange-traded note). The ETN would allow investors to bet on the price of Bitcoin. The ETN was supposed to launch in early 2018, but never launched. In March 2018, InteracInvestor announced that it had filed for creditor protection in Canada. The company has not revealed how much money it has lost, but reports suggest that it is in debt by around C$180 million ($145 million). If estimates are correct, this would make InteracInvestor one of the biggest victims of the crypto bubble.