QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy

QuadrigaCX saga continues as cryptocurrency exchange moves to bankruptcy
ôîòî ïîêàçàíî ñ : thenextweb.com

2019-4-9 11:55

QuadrigaCX, the cryptocurrency exchange which owes its customers $134 million in cryptocurrency following the unexpected death of its founder, is moving into bankruptcy proceedings. The company’s request to move into bankruptcy was approved by a Canadian Supreme Court yesterday.

The move is intended to help reduce costs and ease the recovery of assets from creditors. It comes after a report by Ernst & Young – Quadriga’s court appointed creditor – said there was a ” remote” chance the company could emerge from restructuring, and that the investigation to recover assets could be handled more efficiently if it entered the bankruptcy process. Gerald Cotten,…

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bankruptcy cryptocurrency move court company quadrigacx assets

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bankruptcy cryptocurrency → Ðåçóëüòàòîâ: 48


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Quadriga CX Victims May Get Refunds Sooner than Later

Creditors of the now defunct Canadian cryptocurrency exchange, QuadrigaCX may get compensated sooner than later, as Ernst & Young (EY),  the court-appointed monitor investigating the case, has advised the firm to commence bankruptcy proceedings as soon as possible, to cut costs and expedite the creditors’ refunds process, reports Bloomberg on April 2, 2019.

2019-4-4 09:00


Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy, Blasts EY Report

Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings.

2019-4-3 15:38


Crypto Researcher: QuadrigaCX Exchange Never Had $190 Million Worth of Bitcoin in its Coffers

The story of distressed Canadian cryptocurrency exchange QuadrigaCX which filed for bankruptcy since the sudden death of its CEO, Gerald Cotten, has taken a new dimension, as a recent research report by Zerononcense has revealed that the cryptocurrency trading venue never had the $190 million in bitcoin it claimed to have lost access to since […]

2019-2-6 23:39


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