Canadian Judge Delays Decision on Legal Representation for QuadrigaCX Clients - BITCOIN NET MAGZ

Canadian Judge Delays Decision on Legal Representation for QuadrigaCX Clients

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A Canadian judge has delayed a decision on legal representation for clients of important Canadian cryptocurrency trade QuadrigaCX. Feb. 14.

Justice Michael Wood allegedly stated that he would issue a written decision in the case within a week. In the meantime, the monitor manufactured by the court, Ernst & Young, has shown that at the current stage the exchange owes CA$100,000 ($75,000) to the attorneys, while Quadriga asserts that"at today, we do not have anything"

Maurice Chiasson, a lawyer representing Quadriga, allegedly said the Cotten's spouse Jennifer Robertson"has placed in CA$250,000 of their CA$300,000 she is guaranteed to finance this process so far. But that cash will come to an end in the next two months if not earlier."

Following submission in the competing legal organizations, Wood allegedly said that he's"not positive if you've made my life simpler." Ernst & Young said the first nine months of this procedure has been"hectic," also stressing the requirement of stabilizing present investigations into Quadriga's operations.

On Feb. 13, Cointelegraph reported in a recently released Ernst & Young's report called"First Report of the Monitor," that the'Big Four' audit company revealed that:

    "On February 6, 2019, Quadriga inadvertently transferred 103 Bitcoins valued at roughly $468,675 into Quadriga cold pockets which the provider is presently unable to access. The Monitor is working together with Direction to retrieve this cryptocurrency from the various cold wallets, if possible."

At the course of this analysis, Ernst & Young procured lots of Quadriga electronics -- allegedly owned or utilized by Cotten -- including four notebooks, four cell phones, and also three completely encrypted USB keys. Ernst & Young has allegedly stored the devices in a safety deposit box.

 

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