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Failed Crypto Exchange QuadrigaCX Should Declare Bankruptcy, Blasts EY Report

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Shuttered cryptocurrency exchange QuadrigaCX could be headed toward bankruptcy proceedings to give creditors the best shot at recouping assets. Ernst & Young (EY) in its latest report recommends transitioning Vancouver-based Quadriga Fintech Solutions, the exchange’s parent company, from a restructuring into bankruptcy proceedings. In doing so, Quadriga’s trading platform could be sold. A freeze request has also been placed on the assets of Jennifer Robertson, the widow of the exchange’s founder, Gerald Cotten. QuadrigaCX says it lost access to $195 million in crypto and other assets after 30-year old Cotton died suddenly at year-end 2018, leaving 115,000 customers holding the

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