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Here are the top reads on deals and financial services over the last 24 hours,

More than $400,000 in Quadriga cryptocurrency disappeared into so-called ‘cold wallets’: The court-appointed monitor overseeing the search for millions of dollars lost by Canadian cryptocurrency exchange QuadrigaCX says an additional half a million dollars worth of bitcoin has gone missing. Story (Alexandra Posadzki and Joe Castaldo, for subscribers)

Anson fund urges TSX to scrutinize planned Acasta Enterprises debt-for-equity swap: Hedge-fund manager Anson Advisors Inc. is asking the Toronto Stock Exchange to intervene in a planned refinancing of troubled Acasta Enterprises Inc. by the company’s newly minted co-CEOs. Anson took aim Tuesday at a proposal that would see Acasta co-chief executives Charles and Richard Wachsberg, who are twin brothers, convert $4.8-million of high-yield debt in a company they indirectly control into 6.5 million additional Acasta shares. Toronto-based Acasta was once Canada’s largest special acquisition corporation, or SPAC, with a $402-million war chest and an all-star list of backers, but now sports a market capitalization of just $55-million. Story (Andrew Willis, for subscribers)

Investors who financed Fortress projects unlikely to get paid: Investors who helped finance several major real estate projects for Fortress Real Developments Inc. have learned they will recover little of the money they invested in syndicated mortgage loans. The projects include the Collier Centre retail development in downtown Barrie, Ont., the Union Waterfront site in St. Catharines, Ont., and the Glens of Halton Hills site north of Toronto. Story (Janet McFarland, for subscribers)

MORE FINANCIAL SERVICES NEWS

Consolidation: Decades of bank industry consolidation have weighed on the economies of rural areas as branches and local community banks disappeared and access to financial services declined, Federal Reserve chairman Jerome Powell said on Tuesday, citing meetings of Fed staff held last year in communities where banks had closed. Story (for subscribers)

MORE DEALS NEWS

Telecom sector: A group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and Federal Communications Commission on Tuesday to reject a proposed $26-billion merger of T-Mobile US Inc and Sprint Corp. Story (for subscribers)

IPO: Lyft Inc founders are preparing to take near-majority voting control of the ride-hailing company when it goes public this year, the Wall Street Journal reported on Tuesday, citing sources familiar with the matter. Story (for subscribers)

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