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Crypto Exchange QuadrigaCX Files for Creditor Protection

Canadian crypto exchange QuadrigaCX is filing for protection from creditors, a step taken to avoid bankruptcy.

In the statement of the creditors' agreement, it’s not a week after the portal has been announced. issues.

As part of its application, it’s not a problem.

The act, according to PricewaterhouseCoopers, allows you to “financially troubled” and “receive some form of payment.” "

Details of QuadrigaCX’s filing were not immediately available.

The statement continued:

“It was a cryptocurrency and has been working for all past weeks. financial institution to accept the bank drafts.

“Unfortunately, these efforts have not been successful,” it said.

Planning a release five.

Withdrawal delays

There have been a number of cases of complaint about the past few months.

Canadian Imperial Bank of Commerce, which has been a quidrigaCX’s funds last year.

I’m not sure that we’ve been able to get the money back. , and therefore the exchange could not process withdrawals.

In an email to customers earlier this month, interim QuadrigaCX CEO, Aaron Matthews

It is not clear why customers meet the requirements of the cold wallets or keys.

QuadrigaCX didn’t immediately respond to a request for comment.

Nova Scotia Supreme Court image via Hantsheroes / Wikimedia Commons

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