Canadian Court Takes Custody of Crypto Exchange’s Frozen Funds30.38

The Ontario Superior Court of Justice has recently moved to take custody of a large sum of assets from a crypto exchange currently frozen in accounts at the Canadian Imperial Bank of Commerce (CIBC).

According to a recent court document, the CIBC had frozen several accounts of some disputed assets at the crypto exchange QuadrigaCX, including $25.7 million CAD and $69,000 USD. The bank was allegedly unable to identify who the exact owner of these accounts was along with millions that were deposited by the exchange’s various clients, so it froze them indefinitely.

Original source
https://bitcoinmagazine.com/articles/canadian-court-takes-custody-crypto-exchanges-frozen-funds/

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