After the death of QuadrigaCX, the founder of the Canadian bitcoin exchange, Gerald Kotten, who probably took the private keys to the cold storage with him to the grave, the platform was on the verge of collapse. Traditionally, a conflict of interest broke out between creditors – who should be the first to receive payments. Many holders of fiat deposits believe that they deserve the first to return their funds, reports CoinDesk .
It should be noted that about 50 million fiat deposits for various reasons are kept by third parties – processings – and $ 137 million in cryptocurrency equivalent is considered lost.
Anticipating the outrage of creditors, QuadrigaCX secured from the Supreme Court of Nova Scotia a temporary ban on legal actions against the exchange. Now the company has about one month to assess the remaining assets, which will then be presented in court.
At the same time, some owners of fiat deposits, according to the publication, are already preparing a class action lawsuit, awaiting the lifting of the ban.
Earlier, the Indian authorities confirmed the death of Kotten. He died on December 8 as a result of a cardiac arrest at Fortis Escorts Private Hospital in Jaipur, India. It is also known that complications of Crohn's disease led to death.
It is noteworthy that when Kotten's heart stopped for the first time, the doctors managed to resuscitate him, but then his condition worsened and he did not survive the second stroke.
Add that Canadian financial regulators refused to interfere in the history of QuadrigaCX.
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