The death of the company's CEO and sole director has left roughly 115,000 users without their funds. Lawyers for some of the affected users were in the Halifax court today.
Court filings show that some have very large balances, with the largest affected user claim reportedly valued at approximately $70 million.
QuadrigaCX employees say the only way to access much of the cash was lost when Cotten died.
Cotten was apparently the only person with the recovery code to access the currency held in secure "cold wallets" — where the company kept much of its customers' money.
QuadrigaCX granted creditor protection while it searches for $250M in cryptocurrency | CBC News
Court filings show that some have very large balances, with the largest affected user claim reportedly valued at approximately $70 million.
QuadrigaCX employees say the only way to access much of the cash was lost when Cotten died.
Cotten was apparently the only person with the recovery code to access the currency held in secure "cold wallets" — where the company kept much of its customers' money.
QuadrigaCX granted creditor protection while it searches for $250M in cryptocurrency | CBC News
