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Home / Business / QuadrigaCX Judge Expands Courtroom Drama As Crypto Exchange struggles to count millions in lost bitcoin, ethereum, litecoin and more

QuadrigaCX Judge Expands Courtroom Drama As Crypto Exchange struggles to count millions in lost bitcoin, ethereum, litecoin and more



The QuadrigaCX debate continues, with a judge now giving Canadian crypto a 45-day extension to find more than $ 100 million in lost Bitcoin, Ethereum, Bitcoin Cash, Bitcoin SV and Bitcoin Gold. The expansion essentially prevents people from suing the exchange while the investigation continues.

The exchange is involved in litigation after the founder Gerald Cotten disappeared, which may have been the only person with access to vast amounts of cryptocurrency. [19659002] Michael Wood of Nova Scotia Supreme Court appointed retired partner and senior vice president of accounting firm Grant Thornton as chief restructuring officer to manage exchange and affiliates.

Wood also issued a court order that provided Amazon Web Services ahead To release data relevant to the case, CoinDesk reports. The judge also wants any payment processors to be associated with the case to reveal insight they may have on the company's assets.

Crypto exchange began in June. Ernst & Young says the company's cold storage plates are empty.

At the same time, a new report has claimed to have discovered more than 600,000 Ethereum (ETH) linked to the challenging cryptic exchange. The exchange has not yet commented on the report's findings.

Next hearing is scheduled for April 1

8th.

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