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    ESP Blockchain Journal
    Home»Noticias»The deceased CEO QuadrigaCX allegedly paid off with clients with personal funds

    The deceased CEO QuadrigaCX allegedly paid off with clients with personal funds

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    By BlockchainJournal on marzo 14, 2019 Noticias
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    The deceased founder of the QuadrigaCX Canadian bitcoin exchange Gerald Cotten could use his own funds to pay customers. This was reported by his widow Jennifer Robertson, writes CoinDesk .

    Recall that in 2018, the Canadian Imperial Bank of Commerce froze $ 28 million in fiat assets of the exchange , without being able to confirm their owner.

    “Jerry told me that he invested his money in QCX to satisfy user withdrawal requests while the money was frozen,” law firm Stewart McKelvey reported referring to Robertson’s statement.

    It also became known that Stewart McKelvey will no longer represent the interests of the exchange because of the presence of a certain conflict of interests, the details of which, however, are not disclosed.

    The exchange is still trying to restore access to users' funds for $ 190 million .

    Last week, a Canadian court granted the site another 45 days to search for missing assets.

    At the same time, The Block’s publication suggested that Kotten’s partner and co-founder of QuadrigaCX, Michael Patrin, opened up multi-million dollar positions on the BitMEX exchange .

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