QuadrigaCX: Judge delays decision on creditors' legal representation

15 Feb, 2019
by David Robb
QuadrigaCX: Judge delays decision on creditors' legal representation

The QuadrigaCX court case continued today, at the Nova Scotia Supreme Court in Canada. Justice Michael Wood, the judge overseeing early proceedings, has delayed a decision on who will be representing the exchange's creditors.

A number of competing legal teams are involved with this case, which involves over 100,000 plaintiffs from all over the world. Some of the creditors are seeking seven-figure funds, and we reported previously on a software engineer who lost his entire life savings when the trading platform went under.

Read more: Former BitTorrent engineer lost $422,000 in crypto on QuadrigaCX

The judge has been reviewing submissions from these different legal teams, all of whom are apparently "eminently qualified" to represent creditors. He will be delaying his decision as to the make up of a user's committee, and they will be tasked with deciding the legal counsel they wish to represent them.

There has also been some discussion as to how to get third-party custodians and payment services to consent to handing over the money that they were keeping for QuadrigaCX.

Read more: Widow of QuadrigaCX’s CEO tries to keep properties away from creditorsThe QuadrigaCX timeline: as it happened

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