QuadrigaCX granted another extension to find lost $134M in cryptocurrency

More from: | The Next Web |
0

QuadrigaCX, the Canadian cryptocurrency exchange embroiled in an ongoing mystery about the disappearance of $134 million in customers’ funds, has been granted an extension on its 30-day order for creditor protection.

The troubled exchange was given another 45-day extension by Judge Michael Wood of the Nova Scotia Supreme Court, meaning creditors will be unable to begin legal proceedings against it during this time period.

The judge also gave the green light for the appointment of a chief restructuring officer, who would be tasked with managing the exchange and its related companies while cooperating with EY to recover the missing customer funds.

The next hearing is now scheduled to take place on April 18.

Today’s news comes after EY,

(...)

Read full article » https://thenextweb.com/hardfork/2019/03/06/quadrigacx-granted-another-extension-to-find-lost-134m-in-cryptocurrency/


About | The Next Web |

In 2006, founders Boris and Patrick were looking for a tech event to showcase their new startup. When they couldn’t find one that checked all the boxes they decided to host their own. As they were organizing things, they soon realized they needed somewhere to promote the conference, and that’s how thenextweb.com was launched. It later became a blog and the result is what you are looking at right now.

TNW was started to bring insight, meaning—and every now and again, the lulz—to the world of technology. But we didn’t want to stop there. Today the company has grown from those two parts to four pillars that brought forth TNW News, TNW Deals, TNW Conference and Events, our new tech hub called TQ and Index, our market intelligence platform.

»Twitter: @thenextweb »Facebook: @thenextweb