Breaking: Lawyers Might Sell QuadrigaCX to Settle Debts

  • Breaking: Lawyers Might Sell QuadrigaCX to Settle Debts

    740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy85MDFiNjM4MTY4NWQzM2RiMzQ4YjhhNmRlZTFjZDI1ZC5qcGc=.jpg

    <\>","active":1,"created_at":"2015-01-22 09:14:30","updated_at":"2018-11-02 15:30:19","deleted_at":null,"default_language_id":1,"timezone":"Europe\/London","robots":"User-Agent: *\r\nDisallow: \/embed\/post-sidebar\/ \r\nDisallow: \/embed\/post-recomend\/\r\nDisallow: \/adbutler\r\nDisallow: \/marketcap\r\nDisallow: \/search?query=*\r\nSitemap: https:\/\/cointelegraph.com\/sitemap.xml ","in_menu":null,"domain_url":"cointelegraph.com","game":0,"default_language":{"id":1,"title":"English","short":"en","name":"English","code":"en","date_format":"%b %d, %Y","locale":"","flag":"\/assets\/img\/flags\/languages\/16\/English.png"},"region_contacts":[{"id":1,"operator_id":14763,"email_main":null,"facebook_url":"https:\/\/www.facebook.com\/cointelegraph","twitter_url":"https:\/\/twitter.com\/cointelegraph","google_plus_url":"","linkedin_url":"","vk_url":"","active":1,"region_id":1,"language_id":1,"created_at":"2015-03-20 09:21:29","updated_at":"2018-11-21 11:51:45","deleted_at":null,"youtube_url":"https:\/\/www.youtube.com\/channel\/UCRqBu-grVX1p97WaX4d-OuQ","tumblr_url":"","soundcloud_url":"","telegram_url":"https:\/\/telegram.me\/cointelegraph","subscribe_facebook_url":"https:\/\/www.facebook.com\/cointelegraph","subscribe_twitter_url":"https:\/\/twitter.com\/cointelegraph","subscribe_google_plus_url":null,"subscribe_linkedin_url":null,"subscribe_vk_url":null,"subscribe_youtube_url":"https:\/\/www.youtube.com\/channel\/UCRqBu-grVX1p97WaX4d-OuQ","subscribe_tumblr_url":null,"subscribe_soundcloud_url":null,"subscribe_telegram_url":"https:\/\/telegram.me\/cointelegraph","subscribe_rss_url":null,"baidu_url":null,"weibo_url":null,"wechat_url":null,"qq_url":null,"line_url":null,"subscribe_baidu_url":null,"subscribe_weibo_url":null,"subscribe_wechat_url":null,"subscribe_qq_url":null,"subscribe_line_url":null,"count":4,"socials":{"subscribe_facebook_url":{"icon":"ct-icon ct-icon_social-facebook-f","title":"Region facebook url","gtm-class":"gtm-icon-fb-news","gtm_class":"gtm-icon-fb-news","url":"https:\/\/www.facebook.com\/cointelegraph"},"subscribe_twitter_url":{"icon":"ct-icon ct-icon_social-twitter","title":"Region twitter url","gtm-class":"gtm-icon-tw-news","gtm_class":"gtm-icon-tw-news","url":"https:\/\/twitter.com\/cointelegraph"},"subscribe_youtube_url":{"icon":"ct-icon ct-icon_social-youtube","title":"Region youtube url","gtm-class":"gtm-icon-yt-news","gtm_class":"gtm-icon-yt-news","url":"https:\/\/www.youtube.com\/channel\/UCRqBu-grVX1p97WaX4d-OuQ"},"subscribe_telegram_url":{"icon":"ct-icon ct-icon_social-telegram-plane","title":"Region telegram url","gtm-class":"gtm-icon-tg-news","gtm_class":"gtm-icon-tg-news","url":"https:\/\/telegram.me\/cointelegraph"}}},{"id":2,"operator_id":2,"email_main":null,"facebook_url":"https:\/\/www.facebook.com\/cointelegraph","twitter_url":"https:\/\/twitter.com\/cointelegraph","google_plus_url":"","linkedin_url":"","vk_url":"vk.com\/cointelegraph","active":1,"region_id":1,"language_id":3,"created_at":"2015-03-20 09:25:58","updated_at":"2015-03-20 09:25:58","deleted_at":null,"youtube_url":null,"tumblr_url":"","soundcloud_url":"","telegram_url":"","subscribe_facebook_url":null,"subscribe_twitter_url":null,"subscribe_google_plus_url":null,"subscribe_linkedin_url":null,"subscribe_vk_url":null,"subscribe_youtube_url":null,"subscribe_tumblr_url":null,"subscribe_soundcloud_url":null,"subscribe_telegram_url":null,"subscribe_rss_url":null,"baidu_url":null,"weibo_url":null,"wechat_url":null,"qq_url":null,"line_url":null,"subscribe_baidu_url":null,"subscribe_weibo_url":null,"subscribe_wechat_url":null,"subscribe_qq_url":null,"subscribe_line_url":null}]}>\>

    Breaking: Lawyers Might Sell QuadrigaCX to Settle Debts

    Prosecutors will get the encrypted laptop of recently deceased CEO of major Canadian crypto exchange QuadrigaCX Gerald Cotten, Canadian broadcast network CBC reports Tuesday, Feb. 5.

    According to CBC, the laptop that might provide access to $145 million of QuadrigaCX customer funds will be given to lawyers. Moreover, the lawyers are considering selling the company in order to satisfy the debts.

    Canadian cryptocurrency exchange QuadrigaCX has faced financial difficulty since its CEO Gerald Cotten reportedly died of complications from Crohn’s disease in December 2018.

    According to a January affidavit filed by Cotten’s wife, the exchange apparently had no access to its wallets, and the CEO had not left evidence of passwords. The reported number of users affected is 115,000, with around $250 million CAD ($190 million USD) in cryptocurrency and fiat currency lost.

    This article will be updated as the story breaks.

    Source: https://cointelegraph.com/news…uadrigacx-to-settle-debts