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Disgraced Crypto Exchange QuadrigaCX Officially Declared Bankrupt

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Canadian crypto exchange QuadrigaCX has filed for bankruptcy as the attempt to restructure the company has failed. The move was approved Monday by a Nova Scotia judge, the country’s national broadcaster reported. QuadrigaCX Enters Bankruptcy Proceedings As Bid to Restructure Fails News that QuadrigaCX’s CEO had died in India of complications from Crohn’s Disease was made public on January 14. By the end of the month, the exchange went offline, saying it was seeking protection from creditors through bankruptcy. The exchange and all related companies were granted protection on Feb 5 pursuant to the Companies’ Creditors Arrangement Act (CCAA). Yet

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* First published on ccn.com

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