Canadian Bitcoin Exchange QuadrigaCX “Loses” Access to Cold Storage Funds10

In the latest salvo in the ongoing QuadrigaCX saga, the Bitcoin exchange platform says it has applied for creditor protection as it tries to solve lingering financial difficulties. This announcement comes as the platform says it no longer has access to its cold wallets which contain an unnamed but significant amount of customer funds.

In a statement published on the company’s website on Thursday (Jan. 31, 2019), the company says that it filed for creditor protection in the Nova Scotia Supreme Court. According to the announcement, QuadrigaCX says the move is in accordance with the Companies’ Creditors Arrangement Act (CCAA).

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