Deceased founder of the canadian bitcoin exchange QuadrigaCX Gerald Cotten was able to use its own funds to pay clients. This was reported by his widow, Jennifer Robertson, writes CoinDesk.
We will remind, 2018 Canadian Imperial Bank of Commerce froze Fiat assets in exchange for $28 million, not having the opportunity to confirm their owner.
“Jerry told me that he had invested their money in QCX to satisfy user requests for withdrawal, unless the money was frozen”, — reported with reference to the statement of Robertson law firm Stewart McKelvey.
It also became known that Stewart McKelvey will no longer represent the interests of the exchange due to the presence of a certain conflict of interests, the details of which, however, were not disclosed.
Exchange is still trying to restore access to the users for $190 million
Last week, the canadian court provided the courts has 45 days to look into the missing assets.
At the same edition of the Block suggested that Cotto partner and co-founder of QuadrigaCX Michael Patrin opened a multimillion-dollar position on the stock exchange BitMEX.