Altcoins News
By Maheen Hernandez
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Securities are taken seriously. Gerald Cotton, the owner of QuadrigaCX, wanted to ensure that the cryptocurrencies of their investors are not accessible to hackers.
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In an affidavit submitted by the widow of Gerry, it is mentioned that she does not know the recovery key or the password for the laptop computer from which Gerry was executing…
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Court Hearing for QuadrigaCX cryptocurrency Wallet Issues is scheduled Tuesday, February 05, 2019.
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The appeal is for creditor protection. The appeal was made in the Nova Scotia Supreme Court.
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Christine Duhaime, a financial crimes attorney, stated that probably Ernst and Young might be appointed to monitor the issue.
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The filing from Quadriga was not only an appeal requesting for a monitor, but as well to prevent customers from being able to sue the exchange to recover the lost funds.
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Duhaime further explained that there are several unanswered questions like why the addresses of the wallet have not been disclosed.
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QuadrigaCX should have maintained transparency as a normal business practice. Since the wallet addresses are not disclosed it is considered that QuadrigaCX has not…
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QuadrigaCX now has to deal with a liquidity crisis. The current issue is due to several issues like QuadrigaCX not having a corporate bank account.
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The Ernst and Young proposal have recommended that QuadrigaCX maintain the suspension of its website. New directors have been voted in to run the company.
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