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Cryptocurrency exchange QuadrigaCX given 30-day lifeline to find ‘lost’ $134M

Wednesday, February 6, 2019 by Piyush Suthar | Comments

Home News Tech Cryptocurrency exchange QuadrigaCX given 30-day lifeline to find ‘lost’ $134M

Troubled cryptocurrency exchange QuadrigaCX has been granted an order for creditor protection by a Canadian supreme court. The court-issued order means QuadrigaCX will have 30 days of initial protection from its creditors to allow it to come up with a ‘Plan of Arrangement’. The time period can be extended by the court if QuadrigaCX is able to demonstrate that it will likely file a Plan of Arrangement and the extension is not damaging to creditors. Based in Vancouver, QuadrigaCX ran into trouble after the reported sudden death of its founder and sole director Gerald Cotten, which meant the exchange was…

This story continues at The Next Web

Authored by Piyush Suthar
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