Supreme court of the province of Ontario will take possession of $19.6 million, located on five Bank accounts of the largest cryptocurrency exchanges QuadrigaCX Canada. This is stated in the court order of 9 November, writes Cointelegraph.
These funds in the accounting Department of the Supreme court to establish their owners translate canadian Bank Canadian Imperial Bank of Commerce (CIBC). So, $19.6 million may belong to the exchange QuadrigaCX insists its leadership, the service area of the payment to the operator or Costodian 388 users who placed these funds as deposits.
However, judge Glenn Haney failed in the proceedings to determine the validity of the freeze exchange accounts from CIBC.
Commenting on the decision of the Supreme court of Ontario, President of the QuadrigaCX Gerald Cotten noted that “the further steps the exchange will take into account the ambiguity of the actions of the Bank CIBC”.
We will remind, in October it became known that the exchange QuadrigaCX is experiencing problems with the withdrawal of clients ‘ funds due to the blocking of accounts associated with a service Costodian Inc and its owner Jose Reyes.
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