After the death of the founder of the canadian bitcoin exchange QuadrigaCX Gerald Cotto, who probably took with him to the grave private keys from cold storage, the platform was on the verge of collapse. Traditionally, among the creditors, broke out a conflict of interest — who first needs to get paid. A Fiat Deposit holders believe that they deserve to be the first to recover their money, according to CoinDesk.
Note that about $50 million Fiat deposits for various reasons hold third parties — payment processors, and $137 million in cryptocurrency equivalent is considered to be lost.
Anticipating the outrage of creditors, QuadrigaCX made by the Supreme court of Nova Scotia a temporary ban on lawsuits against the exchange. Now the company has about one month to assess the remaining assets, which will then be presented in court.
At the same time, some owners of Fiat deposits, according to the publication, are already preparing a class action lawsuit, waiting for the lifting of the ban.
Earlier, Indian authorities confirmed the death of Cotto. He died on 8 December as a result of cardiac arrest at a private hospital Fortis Escorts in Jaipur, India. Also be aware that the death resulted in complications of Crohn’s disease.
It is noteworthy that when the heart stopped Cotto for the first time, doctors were able to revive him, but then the condition deteriorated and re-strike, he did not survive.
We would add that canadian financial regulators have refused to intervene in the history of QuadrigaCX.
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