
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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Global Cryptocurrency (GCC) на Currencies.ru
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