QuadrigaCX Gets Extension to Creditor Protection Period By Cryptovest


© Reuters. QuadrigaCX Gets Extension to Creditor Protection Period

QuadrigaCX has secured another 45 days of protection against consumer lawsuits after the judge in the case decided to extend the initial month-long period, as reported by the Globe and Mail. Affected QuadrigaCX traders are prepared to launch a class action lawsuit but will have to wait out for additional evidence. The exchange will have to finally discover the potential whereabouts of its cryptocurrency funds as no conclusive evidence of cold storage has been unearthed so far.

The protection was extended after one of QuadrigaCX’s lawyers, Maurice Chiasson, claimed the launch of a class action now would be a legal disaster for the exchange.

“I suspect we would see some lawsuits filed. Such proceedings could be filed in multiple jurisdictions. They could be conflicting. You could effectively have a fr…

This article appeared first on Cryptovest

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