Case of cryptocurrency firm QuadrigaCX to return to a Halifax courtroom today

Case of cryptocurrency firm QuadrigaCX to return to a Halifax courtroom today
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HALIFAX — The bizarre case involving the cryptocurrency firm QuadrigaCX is expected to return to a Halifax courtroom today.

The Nova Scotia Supreme Court has been asked to determine which law firms will represent 115,000 QuadrigaCX clients, who are owed as much as $260 million in cash and cryptocurrency.

The court-appointed monitor overseeing the search for the money said it recently found more than $900,000 in digital assets.

However, Ernst and Young also revealed that someone at QuadrigaCX “inadvertently” shifted about half of those crypto-coins into a site that is now inaccessible to the company.

The Vancouver-based exchange was shut down Jan. 28 after the sudden death of its CEO, 30-year-old Gerald Cotten.

He led his five-year-old virtual business from a home north of Halifax.

The Canadian Press

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